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Has anyone else seen this? http://www.nzherald.co.nz/personal-f...ectid=11341713
The Reserve Bank has put out a video explaining what money is. They use the words "magic" and "invisible force". It's an embarrassing, incredibly dumbed-down way of explaining aspects of money that most people already understand intuitively. I think they also get it "wrong" when they state "$20 will always be worth $20" - a bit misleading to me, because as we know, $20 is only worth what you can buy with it and that does change. Worse, they use an example of someone who apparently wants to spend all their money on their car! Good financial management... not.
The Reserve Bank has put out a video explaining what money is. They use the words "magic" and "invisible force". It's an embarrassing, incredibly dumbed-down way of explaining aspects of money that most people already understand intuitively. I think they also get it "wrong" when they state "$20 will always be worth $20" - a bit misleading to me, because as we know, $20 is only worth what you can buy with it and that does change. Worse, they use an example of someone who apparently wants to spend all their money on their car! Good financial management... not.
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