Tag: Inflation

Can we end poverty?

Yes, and no. Now we know what it means to be poor, we can talk about what it would take to end poverty.

You may remember that ‘absolute’ poverty is defined ‘in terms of the minimal requirements necessary to afford minimal standards of food, clothing, health care and shelter’. Meanwhile, ‘relative’ poverty is defined ‘relative to others in a country; for example, below 60% of the median income of people in that country.’

One of these can be eradicated, but the other is a different story…

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How can I avoid bad financial advice?

My original title for this post was ‘How can I find good financial advice?’

But when I read through the draft, I realised I’d have to save that for a follow-up. Most of what I had written focused on avoiding bad financial advice.

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Is it harder to buy a house these days?

Increasing house prices is one of the most frequently discussed – and worried about – topics.

One of the most fascinating items on display at the British Museum is a 13th century mortgage, carved into a stone brick.

Dated Sunday 11 June 1217, and written in Sanskrit mixed with the local dialect in Nagari script, the enormous brick records a mortgage against a loan. (I suspect that if you took out enough mortgages, you could build a house out of the mortgage bricks!)

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Why does a shilling bun cost more than a shilling?

Walking past a bakery in Bergen, Norway today, I was consumed by the sweet aroma of hot cinnamon.

In to Baker Brun we went, to buy a Skillingsbolle, described as ‘the all-time favourite Bergen treat’ with a name originating from its original price of one shilling. In fact, the word ‘shilling’ itself derives from the Old Norse scilling meaning ‘division’, and was a division of the old Norwegian Rigsdaler.

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