SKU: 65184813632

Naked Money: A Revealing Look at Our Financial System

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Description

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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Ruelle
Massapequa, US
★★★★★ 5
So cute and cozy!
These are adorable boots for a new walker. My 12 month old walks with ease without slipping. The insides are fully lined with the soft fur you see at the top, so warm.
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Reviewed in the United States on November 30, 2021
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Destiny
Birmingham, US
★★★★★ 5
Warm and adorable
They came really quickly and are perfect for my new walker and our cold winter! Love them.
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Reviewed in the United States on December 24, 2021
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Jacob and Jessica O’Dea
Louisville, US
★★★★★ 4
Great, soft and warm.
Really loved these. The soft soft faux fur lining is so nice and warm on the baby’s foot. The only issue we have had is the Velcro on one doesn’t stay shut so that one falls off.
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Reviewed in the United States on December 4, 2019
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DivaDi
Lowell, US
★★★★★ 5
Great quality
Great quality shoes. My granddaughter is 11 months and the shoes are a little big but they should fit all the way through winter
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Reviewed in the United States on December 28, 2021
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Jd in md
Grantham, US
★★★★★ 5
Great boot- stays on well
These boots are super cute! They match a lot of outfits and they stay on little baby feet. Very happy with this purchase!
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Reviewed in the United States on November 12, 2020

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