500 euro notes

Probably the most fashionable word in the business world at the moment is ‘resources’. We talk about energy resources, raw material resources, human resources and, of course, financial resources. This does give the impression that they are all pretty similar and to be used wisely, as they are all, apparently scarce. My purpose in writing this little essay is to actually pinpoint some of the ways in which these resources are not quite so similar as we are led to believe, particularly financial resources.

Money is a somewhat different resource in this way – all the money in all the world is already owned by someone. READ MORE