Money: The Inside Story: The Secret Life of the Money System

Most of us think about money every day. But how many of us know how it actually works?Every morning, someone unassumingly types numbers into a spreadsheet, hits enter and creates millions of pounds.Somewhere deep underground, a machine most of us will never see props up the entire British economy. And hidden in a vault nearby are individual banknotes worth £100 million each.These are just some of the surprising truths about how money works. The Bank of England know more about the money system than most - after all, it is their job to keep it running smoothly.Now, for the first time, two of its economists take you deep into their vaults to tell you the inside story of money. They explain how ordinary banks are able to create money from scratch, and what stops that descending into chaos.They explore what causes inflation and why one country tried to solve rising prices by asking its citizens to cut all banknotes in half.They uncover how a baby hippo briefly became a global currency, and