SKU: 65184813632

Naked Money: A Revealing Look at Our Financial System

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Naked Money: A Revealing Look at Our Financial SystemConsider the $20 bill. It has no more value, as a simple slip of paper, than Monopoly money. Yet even children recognize that tearing one into small pieces is an act of inconceivable stupidity. What makes a $20 bill actually worth twenty dollars? In the third volume of his best selling Naked series, Charles Wheelan uses this seemingly simple question to open the door to the surprisingly colorful world of money and banking. The search for an answer

Consider the $20 bill.

It has no more value, as a simple slip of paper, than Monopoly money. Yet even children recognize that tearing one into small pieces is an act of inconceivable stupidity. What makes a $20 bill actually worth twenty dollars? In the third volume of his best-selling Naked series, Charles Wheelan uses this seemingly simple question to open the door to the surprisingly colorful world of money and banking.

The search for an answer triggers countless other questions along the way: Why does paper money ("fiat currency" if you want to be fancy) even exist? And why do some nations, like Zimbabwe in the 1990s, print so much of it that it becomes more valuable as toilet paper than as currency? How do central banks use the power of money creation to stop financial crises? Why does most of Europe share a common currency, and why has that arrangement caused so much trouble? And will payment apps, bitcoin, or other new technologies render all of this moot?

In Naked Money, Wheelan tackles all of the above and more, showing us how our banking and monetary systems should work in ideal situations and revealing the havoc and suffering caused in real situations by inflation, deflation, illiquidity, and other monetary effects. Throughout, Wheelan's uniquely bright-eyed, whimsical style brings levity and clarity to a subject often devoid of both. With illuminating stories from Argentina, Zimbabwe, North Korea, America, China, and elsewhere around the globe, Wheelan demystifies the curious world behind the paper in our wallets and the digits in our bank accounts.



Binding Type: Paperback
Publisher: W. W. Norton & Company
Published: 04/11/2017
ISBN: 9780393353730
Pages: 368
Weight: 0.65lbs
Size: 8.20h x 5.40w x 1.00d
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SKU: 65184813632

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Elise M.
Whiting, US
★★★★★ 5
Best EFT book out there!
Format: Paperback
I borrowed this from a colleague and had to buy my own because I found it to be so helpful.
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Reviewed in the United States on August 18, 2023
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jk
Battle Creek, US
★★★★★ 5
Excellent resource!
Format: Paperback
This is an amazing book. In Lorrie's way she breaks down EFT in a clear and concise way and provides strong support for all clinicians regardless of their level of training or experience. I can see this book being a go to book and plan to refer to it regularly both as a clinicna and as a supervisor of EFT therapists.
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Reviewed in the United States on October 21, 2017
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Dawn White
San Leandro, US
★★★★★ 5
A Must for Every EFTer!
Format: Paperback
Lorrie's gentle style and compassion come across clearly in this very well written resource. This is essential for all EFTers, seasonal and just beginning!
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Reviewed in the United States on March 13, 2018
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C. Corcoran
West Palm Beach, US
★★★★★ 5
EFT Must Have
Format: Paperback
The basic bible for any EFTer, just starting out, or even certified. Lorrie does a brilliant job bringing all the elements of EFT together for therapists working to help their couples and clients.
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Reviewed in the United States on December 11, 2017
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Sherrie Stevens
Belleville, US
★★★★★ 5
Great read!
Format: Paperback
Great step by step guidance!
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Reviewed in the United States on April 1, 2019

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