Quote of the day 16th March 2014
"It's not so unusual to run out of someone else's currency."
(Jeffrey Sachs)
(Jeffrey Sachs)
Nick Herbert on his visit to flood hit areas of Cumbria
Please note that the post below was published more than ten year ago on 21st November 2009 Nick Herbert MP, shadow cabinet member for the Environment, Food, and Rural Affairs, was in Cumbria this morning to see the areas affected by the flooding. He writes on Conservative Home about his visit. Here is an extract. I’ve been in Cumbria today to see the areas affected by the floods. I arrived early in Keswick where I met officials from the Environment Agency. Although the river levels had fallen considerably and homes were no longer flooded, the damage to homes had been done. And the water which had got into houses wasn’t just from the river – it was foul water which had risen from the drains. I talked to fire crews who were pumping flood water back into the river, and discovered that they were from Tyne & Wear and Lancashire. They had been called in at an hours’ notice and had been working on the scene ever since, staying at a local hotel. You cannot fail to be impressed by the
Comments
got your work cut out there me finks :)
The first dictionary I looked at defined currency as "money in use in a country:" if I had not ha a dictionary to hand I would have said "a means of exchange."
The first currencies came into being by agreement between the people who found it convenient to use them to trade. More recent currencies have generally been created and backed by governments and banks.
But none will ultimately have value unless people have confidence that they are backed by something worthy of trust.