The future of money

Posted on October 15 2018

The Bank of England has recently published this announcement in association with the FT:

We're pleased to launch the 2019 Bank of England and Financial Times school blog competition.

We're inviting school and college students in the UK, who are aged between 16 and 19, to send us a blog of up to 500 words on this year's theme: the future of money.

Entrants can write on any aspect of the future of money, but arguments should be backed up with sound reasoning and, if possible, relevant data.

I welcome this idea. I sincerely hope that they are flooded with MMT entries and not essays on Bitcoin.

But I also feel that the terms of reference are rather restricted. Some people with an interest in the future of money are not in the sixth form any more. If you wish to make an offering and have left school I am open to receiving your 500 words for possible publication here. The terms are that the work must be original, sources must be cited and the essay must offer an argument about the future of money. The issue is far too important to be left solely to the young.

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6 Responses

  1. archytas says:
    October 15 2018 at 8:11 am

    Splendid! The young when I left them for retirement last year were refusing learned papers and telling me to do something easier. There is no human future other than as fossil record. Money will die with the last man or woman. Future life will have no truck with human constructions, and neither will our young if they have any sense. The best 500 words might well have no references at all. I wonder what we would discover current money to be in Zimbabwe now we can get in to look? I find the idea of a future dumb enough to need money offensive.

  2. Pilgrim Slight Return says:
    October 15 2018 at 9:27 am

    500 words.

    I ask you!

    Never has the future of money been sold so cheaply.

  3. teflon don says:
    October 15 2018 at 11:39 am

    he he bet the majority of submissions are in fact variations in the theme of bitcoin….!

  4. David Smith says:
    October 16 2018 at 4:09 pm

    There are links between MMT and the Positive Money proposal, though the language is different. May I suggest that we try to emphasise the similarities rather than the differences.