Working Hard with Grace Beverley cover image

Ep.41 Know Nothing About The Economy? This Episode's For You.

Working Hard with Grace Beverley

00:00

The Importance of Trust in Money

All our money is backed by the trust in the central bank, that's the Bank of England. But if you don't believe in it, and a lot of people don't, then that paper is worthless. We've seen other countries where currencies have collapsed - but luckily Sterling has held up as kind of the money of choice.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner
Get the app