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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.

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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.

3 of 3 people found this review helpful

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  • Glenn
  • Richmond Hill, ON, Canada
  • 05-12-16

Now I understand how money works

Excellent audio with perfect narration.
I have listened to a number of books talk about money, however this one seemed to cover a lot of ground in an engaging way.

1 of 1 people found this review helpful

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great book

loved it start to finish. entertaining with great support from current and historical thought. i would recommend it to anyone who uses money

  • Overall

really enjoyed

Explained a lot of complex topics in a relatively easy manner. I I feel I have a much better understanding of the currency and a global economy.

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Do not buy

It's has about 20% of good information. Everything else is fluff. And he's not funny...

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Beyond expectations!

A lot of interesting information, I definitely have to listen to it one more time.

If you want to understand better the economy, it's definitely the right book!

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  • 06-25-16

Shilling for Obama, Krugman, The Fed, Bernanke et al.

Would you try another book from Charles Wheelan and/or Jonathan Davis?

Some original thought: Not much. Much of the book is an attempted justification of The Fed , Bernanke, Obama, Geitner and Krug. Frequently he references the NYT as if that is a fountain of Truth. He seems to locked in to the standard way of thinking that has caused so much trouble and debasement of the dollar.

Would you recommend Naked Money to your friends? Why or why not?

Read this if you are a big fan of Bernacke et al or if you are a leftist looking for soothing analyses of how your the bankers and elected elitist liberals on both sides of the aisle have taken our country to the brink of disaster.

Which scene was your favorite?

Whenever he wasn't quoting Bernanke or Krugman.

Could you see Naked Money being made into a movie or a TV series? Who should the stars be?

In Hollywood. Of course. Perfect.

3 of 9 people found this review helpful

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  • Ryan Law
  • 12-07-17

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

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  • Dan
  • 08-31-16

An amusing simple overview of money

Great book. It's not traditionally a fun subject but the author used a fair bit of humour throughout that made it easier to consume. He also uses lots of really great examples and parallels which really help to get the grasp of the concepts.

I didn't really know anything about inflation and interest rates etc so all the information was New and handy for me. If you already know how these things work then maybe it'd be a bit basic for you. books like these should be taught in schools though! it's definitely handy knowledge!

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  • Brian
  • 06-15-16

The almost complete guide to monetary economics

Charles Wheelan delivers again, I read naked statistics before and it inspired me to pursue statistics from a different angle, I'm in my final year of Economics and finance and I can vouch for the academic soundness of this book, many complex ideas distilled clearly and eloquently into a framework that everyone can grasp. I highly recommend this book