Naked Money ─ A Revealing Look at What It Is and Why It Matters

We use money every day, from dollars to rupees to bitcoin to (for some of us) prison pouches of mackerel. Yet the practice of exchanging paper or bytes for goods and services seems absurd if you take a minute to think about it. Why does money actually exist, and why does it so often get entire nations in trouble?In Naked Money, best-selling author Charles Wheelan explains with his trademark wit and refreshing clarity how our banks and monetary systems should work in ideal situations, and he reveals the havoc and suffer- ing caused in real situations by inflation, deflation, illiquidity, and other monetary effects. With illuminating stories from Argentina, Zimbabwe, North Korea, America, China, and elsewhere around the world, Wheelan demystifies the curious world behind the paper in our wallets and the digits in our bank accounts.