Naked Money

We use money every day. 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 suffering caused in real situations by inflation, deflation, illiquidity and other monetary effects.