- Sat Feb 24, 2007 10:30 am
#271147
True all true.
The arrogance of belief that some how having money with your queen on is daft. Econmics work based on the system of Barter, money is just a simple way of making the things we barter with standard. In an economy which was local you could all use the same currency, it worked, but it does not now when the "world is getting smaller" we need a system of Barter which is standard across the countries we trade with. The money made by spivs in suits gambling on the xchange is another thing which would ease, as would the need for the Bank of England, and there stupid interst rate rises.
Our economy is totally overvalued in terms of house prices, and wages, and we are heading for a fall, the correction involved with joining the Euro unfortunately would in the short term only add to the over heating of the economy, but those with an eye to the longer term will take the appropriate steps to plan for this.
We should govern and tax locally, but have currency decided on a european wide basis.