
Naked Money
A Revealing Look at What It Is and Why It Matters
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Narrated by:
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Jonathan Davis
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By:
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Charles Wheelan
About this listen
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.Listeners also enjoyed...
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- Unabridged
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Overall
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Performance
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- Revised Edition
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- Narrated by: Stephen J. Dubner
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- Unabridged
-
Overall
-
Performance
-
Story
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- Narrated by: Tim H. Dixon
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Overall
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Performance
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What listeners say about Naked Money
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- cynthia
- 01-05-22
Very insightful read laced with great humor
Naked Money is hands down the best book on money and macroeconomics that I’ve read in the past decade.
Charles Wheel is an insanely intelligent individual who has managed to put a four year college degree major on finance and macroeconomics into one book that anyone can read and understand in a week!
And the humor he brings to it makes it all the more fun.
Then the narrator took it to a whole new fun level.
Excellent read! I recommend everyone everywhere reads this book
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- Kim Baer
- 07-26-17
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
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- Dillon Valderemao
- 01-24-23
Entertaining and interesting
This book was very entertaining and interesting and had the right mix of facts with humour. Highly recommended.
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- Ken Beller
- 04-30-16
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.
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8 people found this helpful
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- A. C.
- 04-04-22
Great information shared with clarity
I have enjoyed all of this author's work. He explains important concepts very clearly and makes it plain why we should care about what he is sharing. He minimizes technical jargon and thoroughly explains it where it is necessary. This is a very good book. The reader is mostly unobtrusive, which I consider a good thing for a book like this.
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- RB
- 04-16-18
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.
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4 people found this helpful
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- Andrew Dunbar
- 10-25-21
You'll never think the same again
If you don't know much more than the basics of how money operates (as I did), this book will greatly build your awareness.
The only "problem" I have with the book is that after listening to it, I've tried to talk with friends & family about what I've learned.
- they are clueless, I just drop the subject.
I would think that regardless of your knowledge on the topic, you'll like this one.
Andrew
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- JO RO
- 01-24-17
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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1 person found this helpful
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- Anonymous User
- 05-19-21
Great money book
This book answered so many questions I had about money in an accessible and entertaining way - strongly recommend it
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- barry chan
- 05-09-18
Great insight into techoconomy of the future.
Great for future technology driven consumers and probing into the economy of the 21th century.
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