Here is a collection of links we have put together for your weekend reading. Enjoy the reads and the weekend too.

1. 6 Things Rich People Need to Stop Saying

What They Think They're Saying:

"Come on, we're all in this together! It's not like I have infinite money."

What We Hear:

"When my family's Aruba vacation went over budget, that was exactly like you being unable to afford medication for your child's excruciating chronic illness!"

2. Generation who refuse to grow up: No mortgage. No marriage. No children. No career plan. Like so many 30-somethings, Marianne Power admits she's one of them.. 
‘Our society is full of lost boys and girls hanging out at the edge of adulthood,’ says Professor Frank Furedi, a sociologist who has been studying this phenomenon, at the University of Kent.

‘Another word sometimes used to describe these people is “adultescent” — generally defined as someone who refuses to settle down and make commitments, and who would rather go on partying into middle age.’

These people, he says, might live with their parents until they are in their 30s, choose to put off getting married as long as they can — or even remain single well into adulthood, continuing the life they had in their early 20s.

3. The Beginning of The End of Cash

Money is the most important abstraction human beings have ever devised. And yet that abstraction has not been fully embraced. Decades after money began going electronic, we all continue to cling to cash, a quaint vestige from earlier eras when money meant cowrie shells, giant stone disks, and shiny
 gold pieces. Of the many things we could do now with technology, getting rid of cash would be one of the more sublime.

Anarchists, drug dealers, prostitutes, politicians, dog walkers, and nannies all have reason to prefer cash. How about you?

4. Forget about East African Monetary Union – let the M-pesa do the job

The euro crisis should give African policy makers a lot of reasons why not to rush into currency union – even taking into account the present problems with credibility in the present monetary regimes in many African countries. The experience from the euro zone is that if sufficient economic, financial and political (and dare I say cultural) convergence is not achieved between the members of the currency union then it could have disastrous consequences.

5. A History of Banking: The NIC Story

“Only understand the origins of an institution or instrument and you will find its present-day role much easier to grasp.”

—Niall Ferguson, The Ascent of Money