Naked Money: A Revealing Look at What It Is and Why It Matters - Rilegato

Wheelan, Charles

Rilegato

ISBN 10: 0393069028 ISBN 13: 9780393069020

Casa editrice: W W Norton & Co Inc, 2016

Riassunto

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.

Su questo libro

L'autore:

Charles Wheelan is the author of several books, including the bestsellers Naked Economics and Naked Statistics. He teaches public policy at Dartmouth College.

Su questa edizione

• Editore: W W Norton & Co Inc
• Data di pubblicazione: 2016
• ISBN 10: 0393069028
• ISBN 13: 9780393069020
• Rilegatura: Copertina rigida
• Numero di pagine: 348