Naked Money

By: Charles Wheelan

Narrated by: Jonathan Davis

Length: 13 hrs and 11 mins

Publisher's Summary

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 $20?

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.

©2016 Charles Wheelan (P)2016 Audible, Inc.

Brilliant, Witty, Easy to Understand, & Well Read!

Would you recommend this audiobook to a friend? If so, why?

Without reservation, I would recommend this book to anyone who wants to know more about, or talk intelligently about, the federal reserve, monetary and fiscal policy, or even the gold standard.

What was the most compelling aspect of this narrative?

Wheelen has an excellent understanding of the topic and writes about it in a fun and approachable way, making it enjoyable and easy to understand and without talking down to the reader or leaving out "it's too hard for most to understand" information. He also does a great job explaining complex and difficult ideas simply and elegantly, using multiple examples and coming at them from different perspectives.

Have you listened to any of Jonathan Davis’s other performances before? How does this one compare?

Jonathan Davis is an EXCELLENT narrator!.One of the very best.

What’s the most interesting tidbit you’ve picked up from this book?

Central banks have a real purpose in the world's monetary system. If not the best, it is certainly one of the best economic books I have ever read.

This is a beautiful audiobook, and well-narrated.

This turned out to be a great book. The last half explained all the major dynamics of international economies of recent decades that I have wondered about:

Japan's deflation problem
The European Union's dilemma
China's Balance of Payments situation
The 2008 economic collapse
Is Bitcoin anything?

http://a.co/gLTp1SE

The narration was nuanced and entertaining.

the magic of money demistified

well written
well read
a fascinating trek through the system that are only feasible through fiat, currency and exchange

Ab excellent book that answers many questions

If you could sum up Naked Money in three words, what would they be?

Must Read

What was one of the most memorable moments of Naked Money?

Deciphering the concept of money, demystifying some of the common (apparently wrong) ideas that you hear these days from politicians (like using the gold standard), describing the role of the federal reserve, and many more.

What does Jonathan Davis bring to the story that you wouldn’t experience if you just read the book?

He gave a good performance. I think that you could get the same ideas from reading the book as well. It's just that you can listen to an audiobook in situations where you cannot read a physical book (e.g. driving or exercising).

Was there a moment in the book that particularly moved you?

This was not a moving book but rather an illuminating book. Very instructive, educational, and a good use of your time. You will learn something here.

Any additional comments?

Overall, a very good book.

One of those 'It is Good for You' Books

The book will show you how much you do not know about money, and you may process some of the information (simple and clear) upon listening the first time.

Wonderful book for both beginners and experts

I’m a finance professional and have been working in financial markets for 2 decades and found this perspective of this book engaging and informative. It would also be something I would recommend to my mother. It’s hard to achieve that balance and Wheelan has done it. Strongly recommend

So Important - So Misunderstood

I read this book because of my interest in blockchain. After reading enough blockchain books I noticed that the promoters of blockchain seemed to have a problem with the financial system. I know next to nothing about how the economy worked so I thought this book would help me. It did! And I strongly suggest that anyone desiring to at least begin to learn how vast and complicated money is - should start here.

This is a great book

Reading this for my AP Economics class and it's actually pretty good for a book in school.

Great insight into techoconomy of the future.

Great for future technology driven consumers and probing into the economy of the 21th century.

A Story told many times many ways

I have listened to many Books about Money , its History and Institution's behind it. What I like about this book is that the Author managed to write very well unbiased. He succeeded to write interestingly so that you keep listening and tied the story together that makes sense.
Highly recommended to Money buffs that would like there knowledge up.

Great content

This is my second reading of the book and I love it.
As someone who has never formally studied economics but finds it fascinating this strikes the balance between intelligent and fun

Excellent listen

Clear and lively explanation of what money is, what money isn't, how its used and the essential work of central banks. Good overview of monetary policy responses to the crashes of 1929 and 2008, and even a chapter on bitcoin. First class.