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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Story
The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
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Money Mischief
- Episodes in Monetary History
- By: Milton Friedman
- Narrated by: Nadia May
- Length: 6 hrs and 23 mins
- Unabridged
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What kind of mischief can result from misunderstanding the monetary system? The work of 2 obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, as well as Franklin D. Roosevelt's decision to appease a few senators from the American West who helped communism triumph in China, are just 2 such mishaps cited in this important work by Nobel Prize-winning economist Milton Friedman. This accessible work also provides an in-depth discussion on the creation of value.
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This book is not unabridged.
- By James on 01-18-09
By: Milton Friedman
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The Shifts and the Shocks
- What We've Learned - and Have Still to Learn - from the Financial Crisis
- By: Martin Wolf
- Narrated by: Sean Pratt
- Length: 14 hrs and 53 mins
- Unabridged
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The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern economies and economics. The audiobook identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system.
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Good on Europe's problems, fair global update
- By Philo on 01-08-15
By: Martin Wolf
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Why Wall Street Matters
- By: William D. Cohan
- Narrated by: Rob Shapiro
- Length: 4 hrs and 14 mins
- Unabridged
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Overall
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Performance
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William D. Cohan is no knee-jerk advocate for Wall Street and the big banks. He's one of America's most respected financial journalists and the progressive best-selling author of House of Cards. He has long been critical of the bad behavior that plagued much of Wall Street in the years leading up to the 2008 financial crisis, and because he spent 17 years as an investment banker on Wall Street, he is an expert on its inner workings as well.
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An Inch Deep and A Mile Wide
- By Doug Sheridan on 04-26-17
By: William D. Cohan
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A Monetary and Fiscal History of the United States, 1961-2021
- By: Alan S. Blinder
- Narrated by: Todd McLaren
- Length: 15 hrs and 12 mins
- Unabridged
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Alan Blinder, one of the world's most influential economists and one of the field's best writers, draws on his deep firsthand experience to provide an authoritative account of sixty years of monetary and fiscal policy in the United States. Spanning twelve presidents, from John F. Kennedy to Joe Biden, and eight Federal Reserve chairs, from William McChesney Martin to Jerome Powell, this is an insider's story of macroeconomic policy that hasn't been told before—one that is a pleasure to listen to, and as interesting as it is important.
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Listen for Nixon's Sake
- By Tricia on 10-26-22
By: Alan S. Blinder
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Borrowed Time
- Two Centuries of Booms, Busts, and Bailouts at Citi
- By: James Freeman, Vern McKinley
- Narrated by: Fred Sanders
- Length: 11 hrs and 51 mins
- Unabridged
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Overall
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Performance
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Story
To save the economy and keep Citi afloat in 2008, the government provided huge infusions of cash through multiple bailouts that frustrated and angered the American public. But, as Wall Street Journal writer James Freeman and financial expert Vern McKinley reveal, the 2008 crisis was just one of many disasters Citi has experienced since its founding more than 200 years ago. In Borrowed Time they reveal Citi’s disturbing history of instability and government support. It’s a story that neither Citi nor Washington wants told.
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Biased
- By CF on 08-09-19
By: James Freeman, and others
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Dead Aid
- Why Aid Is Not Working and How There Is a Better Way for Africa
- By: Dambisa Moyo, Niall Ferguson - foreword
- Narrated by: Mike Chamberlain
- Length: 6 hrs and 29 mins
- Unabridged
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Performance
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Story
A national best-seller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined - and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing the development of the world's poorest countries.
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Dangerous / Right Wing US view
- By David O'Donovan on 03-05-19
By: Dambisa Moyo, and others
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Putinomics
- Money and Power in Resurgent Russia
- By: Chris Miller
- Narrated by: Traber Burns
- Length: 8 hrs and 4 mins
- Unabridged
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Overall
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Performance
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Story
In Putinomics, Chris Miller examines the making of Russian economic policy since Vladimir Putin took power in 1999. Miller argues that Putin's economic strategy has functioned far more effectively than most Westerners realize. While acknowledging that part of Putin's successes - above all, quadrupling per capita GDP in just a decade and a half - can be attributed to cashing in on high oil prices, Miller details the government policies that have also been fundamental to Russia's growth.
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Go find something better
- By Anonymous User on 08-04-21
By: Chris Miller
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Why Save the Bankers?
- And Other Essays on Our Economic and Political Crisis
- By: Thomas Piketty, Seth Ackerman - translator
- Narrated by: LJ Ganser
- Length: 5 hrs and 1 min
- Unabridged
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Overall
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Performance
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Thomas Piketty's work has proved that unfettered markets lead to increasing inequality. Without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands. Armed with this knowledge, democratic societies face a defining challenge: fending off a new aristocracy. For years Piketty has wrestled with this problem in his monthly newspaper column, which pierces the surface of current events to reveal the economic forces underneath.
By: Thomas Piketty, and others
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Some useful info but a lot more dogma do-do
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Starts well then becomes non-Audible
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Two books in one, both very fine
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Listened twice. Everyone must read this.
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Rigorously Bayesian
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Advanced Algorithms and Data Structures
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As a software engineer, you’ll encounter countless programming challenges that initially seem confusing, difficult, or even impossible. Don’t despair! Many of these “new” problems already have well-established solutions. Advanced Algorithms and Data Structures teaches you powerful approaches to a wide range of tricky coding challenges that you can adapt and apply to your own applications. Providing a balanced blend of classic, advanced, and new algorithms, this practical guide upgrades your programming toolbox with new perspectives and hands-on techniques.
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Wonderful audio textbook!
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Some useful info but a lot more dogma do-do
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Starts well then becomes non-Audible
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Two books in one, both very fine
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Listened twice. Everyone must read this.
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Aubrey Clayton traces the history of how statistics went astray, beginning with the groundbreaking work of the 17th-century mathematician Jacob Bernoulli and winding through gambling, astronomy, and genetics. Clayton recounts the feuds among rival schools of statistics, exploring the surprisingly human problems that gave rise to the discipline and the all-too-human shortcomings that derailed it.
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Rigorously Bayesian
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Advanced Algorithms and Data Structures
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The world’s leading economist of inequality presents a short but sweeping and surprisingly optimistic history of human progress toward equality despite crises, disasters, and backsliding, a perfect introduction to the ideas developed in his monumental earlier books.
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It’s the ledger stupid
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What listeners say about Naked Money
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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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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Overall
- 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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- Anonymous User
- 10-15-19
This is a great book
Reading this for my AP Economics class and it's actually pretty good for a book in school.
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- J. Fister
- 01-20-22
Funny and Educational
The author does a fantastic job making a dry subject very entertaining. Great introductory read on monetary policy.
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