Rupal Patel: The Surprising Truth About How Money Works 💰
Every morning, someone unassumingly types numbers into a spreadsheet, hits enter and creates millions of pounds. Somewhere deep underground, a machine most of us will never see props up the entire British economy. And hidden in a vault nearby are individual banknotes worth £100 million each. These are just some of the surprising truths about how money works.
Rupal Patel, co-author of Money: The Inside Story, knows more about the money system than most. She's a Senior Economic Adviser at the Bank of England and she'll take us on a deep dive into the secrets of the heavily fortified vaults.
We'll discuss:
- What a Senior Economic Adviser at the Bank of England actually does all day
- How ordinary banks are able to create money from scratch, and what stops that descending into chaos
- What causes inflation and why one country tried to solve rising prices by asking its citizens to cut all banknotes in half
- How a baby hippo briefly became a global currency, and what that says about the future of money
- What goes on inside the Bank of England during a banking crisis
- What new technologies like crypto mean for the future
Join us for a fascinating deep dive into the world of money. It will be the closest most of us will ever get to the Bank of England's vaults (without setting off any alarms).
TICKETS:
Unlimited Members: Live ticket £1, Virtual £0
Core Members: Live Ticket £8, Virtual £0
Non-members: Live Ticket £32, Virtual £15
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Sir Devonshire Square Hotel, Central London EC2M 4YE
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