We know that a lot of money has evaporated in the current financial crisis, but what exactly is it that has been lost? Obviously not hard currency, which represents only 7.7% of UK money supply. The rest of our money flows from our pay cheques to our banks. This then flows into savings or is spent. When spent, it flows through that company's supply chain, to be deposited in another business's account, to start the journey over again.rnMoney, in other words, has been reduced to zeros and ones. It's intangible, invisible. It's information. Which is central both to the problem we face and to its solution.
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