Free Naked Money: A Revealing Look At What It Is And Why It Matters Ebooks To Download
The best-selling Naked series tackles the weird world of money.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.
Hardcover: 368 pages
Publisher: W. W. Norton & Company (April 4, 2016)
Language: English
ISBN-10: 0393069028
ISBN-13: 978-0393069020
Product Dimensions: 6.5 x 1.3 x 9.6 inches
Shipping Weight: 2 pounds (View shipping rates and policies)
Average Customer Review: 4.7 out of 5 stars See all reviews (19 customer reviews)
Best Sellers Rank: #29,631 in Books (See Top 100 in Books) #24 in Books > Business & Money > Economics > Money & Monetary Policy #25 in Books > Business & Money > Economics > Banks & Banking
For the most part Wheelan does a pretty good job on a complex subject. Due to key concepts he leaves out or doesn't seem to know about, and the things he gets wrong I give it two stars. From both his approach, his comments, and digs, and his defense of the abysmal record of central banks he seems well within the mainstream of academic economic group think. Apparently morbund economic growth, dismal labor force participation rates, business closings exceeding creations, continued loss in manufacturing jobs, high inequality, dysfunctional capital markets, emergency level federal funds rates 8yrs after a crisis, a massive bubble in China, worldwide debts at unprecedented levels, a large fraction of people that no longer trust the system (ref: Brexit, trump) combined with bubbles in real estate, stocks, and bonds counts as Central Bank success in his book.First the things left out: Discussion of repeated bubbles in monetary assets due to the Central Bank's Dollar IMF system is not discussed. Triffin's dilemma doesn't seem to get a single mention. Monetary reserves was a neglected topic in general as well as in specifics such as the difference in how the Euro and the Yuan hold their reserves vs the Dollar. The systematic role in Europe and then China in stabilizing the dollar's value by sterilizing excess dollar flow and the fact that TIC data shows this process has stopped is not discussed. He discussed the future of the monetary system but it doesn't appear he knows about or understands Freegold. He discusses the gold standard without distinguishing the Gold exchange standard after WWI from the classical gold standard prior to WWI.
Naked Money: A Revealing Look at What It Is and Why It Matters Money: Saving Money: The Top 100 Best Ways To Make Money & Save Money: 2 books in 1: Making Money & Saving Money (Personal Finance, Making Money, Save Money, Wealth Building, Money) Why Architecture Matters (Why X Matters Series) Personal Finance: Budgeting and Saving Money (FREE Bonuses Included) (Finance, Personal Finance, Budget, Budgeting, Budgeting Money, Save Money, Saving Money, Money) Money: Saving Money: Success: Get More Money & Success In Your Life Now!: 3 in 1 Box Set: Money Making Strategies, Saving Money Strategies & World's Best ... Tips for Personal Finance & Life Success) Between the Pipes: A Revealing Look at Hockey's Legendary Goalies Jesus, Interrupted: Revealing the Hidden Contradictions in the Bible (And Why We Don't Know About Them) Head in the Cloud: Why Knowing Things Still Matters When Facts Are So Easy to Look Up Writing: A Guide Revealing The Best Ways To Make Money Writing (Writing, Writing Skills, Writing Prompts Book 1) JFK and the Unspeakable: Why He Died and Why It Matters Why We Make Things and Why It Matters: The Education of a Craftsman The Faith: What Christians Believe, Why They Believe It, and Why It Matters Money: How to earn money with : Earn $5000 per Week Part Time using the power of Arbitrage with Liquidation Products on (How to make money ... on , How to make money with ) Money Management Tips: Control Money Don't Let It Control You (Budgeting your money, How to save money tips, Get out of debt fast, Live cheap, Debt free, Spend less) How to Hide Money During a Divorce: How to Hide Assets, How to Hide Money From Husband, How to Hide Money From Creditors, How to Hide Money During Bankruptcy) A Kid's Guide to Stock Market Investing (Robbie Readers) (Money Matters: A Kid's Guide to Money) Budgeting Tips for Kids (Robbie Readers) (Money Matters: A Kid's Guide to Money) Humility Matters: Toward Purity of Heart (The Matters Series) Lectio Matters: Before the Burning Bush (The Matters Series) Lyndon Johnson and the American Dream: The Most Revealing Portrait of a President and Presidential Power Ever Written
