In a very simplistic way, this makes sense. The UK is a fixed size, but its population is increasing, therefore prices go up. This is certainly the headline that's repeated endlessly on mainstream media. However, the subtlety that not everyone buys houses is lost in the noise. I doubt anyone under the age of 18 or over the age of 75 is buying houses for example. These days, it's also safe to assume that very few people under the age of 30 are either. (The average age of a first time buyer is now 30, compared with 23 in the 1960's.)
The other major factor in house prices is how much people are able to pay. Note that this is different from how much they are willing to pay. Unlike almost everything else we buy (with perhaps the exception…
I've chosen an image by Escher for today's post because I hope it will provide you with a different way of looking at something, namely inflation.
Inflation is most often defined as the rise in price of goods and services over time. However, its less often quoted meaning is the loss of value of the currency. It's this second meaning that is more representative of what inflation truly is. I strongly believe the first definition is misleading, perhaps deliberately so, as we shall see.
We have become so accustomed to living in a society that uses money that we often take its units of measurement, be they Pounds, Dollars or Euros, as fixed, much like distances like metres and weights like kilograms. In reality, they are units of exchange and are thus subject to the laws of supply and demand.
Think back to a time before money. Perhaps a wheat farmer wanted some meat for his meal. He might exchange a bushel of wheat in the local town for a pig. One year, pork is particularly po…
I've been learning about nutrition and exercise for seven months now and I'm also nearing the end of my "cut", having set myself a target of 10% bodyfat before "bulking".
I figured it would also be worthwhile putting my money where my mouth is and demonstrating what an average person can achieve within a certain time frame, essentially going from knowing nothing about proper food and exercise and being a little soft around the midsection:
Here's me in April 2008. I pretty much looked like this my entire adult life. I'm guessing ~ 25% body fat. Admittedly, I've never been fat, but I was always a little soft. It seemed that no matter what I did (I was doing some weights casually, some running from time to time, eating what I thought was healthy), I could not change my body from this.
This is me now (August 2010). I'm guessing about 11.5% body fat. Granted, it hasn't taken over two years to reach this stage - it's more like one year bec…