And what happens when central banks—the institutions entrusted with keeping currencies and financial systems afloat—fail to do their jobs? His first book, Naked Economics , stripped the jargon from basic economic issues and exposed their core concepts to a lay audience. And he whisks us from the money-printing madness of the Civil War South to the chaotic stock market collapses of and to modern China, where intentional devaluation reigns and alleged unfair trade practices abound. 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. The search for an answer triggers countless other questions along the way: And why do some nations, like Zimbabwe in the s, print so much of it that it becomes more valuable as toilet paper than as currency?
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Charles Wheelan's wonderfully whimsical, best-selling Naked series tackles the weird, surprisingly colorful world of money and banking. Consider the $20 bill. An economist and bestselling author examines the nature, utility, and power of money.
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The best-selling author of Naked Statistics takes us on a romp through the colourful world of monetary policy and history. We use money every day.
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. 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.