Naked Money: A Revealing Look at Our Financial System

A book I enjoy very much. Very intelligently written. However, there are a few places that the author mentioned about the current fiat money being better than the gold standard, and that even experts do not recommend going back to the gold standard, but the book does not explain clearly why. This viewpoint is just the opposite to that of the other “Bitcoin Standard” book by Ammous, which I am reading now, that argues that the gold standard is far superior to the fiat currency we use today, and it was the suspension of the gold standard that cause the deepening of the Great Depression.I am still trying to find the answer to whether Gold Standard should be better using Fiat Currency or not. Also, I wish it is more updated about the situation in the various regions of the world recently. E.g. how the deflation situation in Japan is, now that all elsewhere in the world are having issues with inflation. Other than that, I enjoy this book very much.

The author (Charles Wheelan) has several books in the "Naked series." They are all excellent. I've loaned them and bought extras as gifts. Clear, humorous, straight-to-the-point writing style. (Only 5 stars are availabe? Dang.)

I hear the author on a financial show and the topic sounded interesting. He explains the issues in a simplistic and understandable way. I have found only a few parts to be dry but every book is that way. I would recommend reading this bookIn college I took two quarters of Econ but it only solved my insomnia. The author presents the material in a way that will NOT put you to sleep.

I've read Wheelan's book on Statistics as well as this one and they are both great. Wheelan helps break down complex (and often boring) subject matter into easy to digest chapters, with fun and interesting anecdotes. I'd highly recommend either of these books, and I'm looking forward to reading his other "Naked" book on Economics.

Here are the reasons it's great:-It seems unbiased to me. It shares pros and cons in many situations.-It's entertaining.-It really takes the time to illustrate concepts in a way that helps a lay person understand.He has a few other books. I've also read Naked Economics and felt the same way about that one. Great author.

I’m working on my masters in Applied Economics and I really wish I would have read this book before my masters level macro class because this explains The Fed a lot better than any textbook would, and what’s important is that the author footnotes the points he makes that are much more complicated.As far as his political point of view I believe he presents a pragmatic “centrist” view of the reality we live in and how the institutions work (and are evolving).Lastly, the chapter on Bitcoin is absolute gold and makes crypto currency theory much easier to understand.

a good read.

The author discusses rules for what may be considered money, its development and use in various forms through history, and the impact of governmental financial policies on sustaining a viable economic system.Hard currency, fiat money, the European Union, international exchange rates, central banks, causes for the Great Depression of 1929, the Crash of 2008, Yap money and bitcoin, as well as the difference between money and wealth are all explained in terms even I could understand.I used to be a little bit scared of what a faltering global economy could do to me personally. Now, I’m terrified!