Named a most-anticipated book of 2024 by the Sunday Times, Financial Times, Stylist, Vogue, NPR.org, Oprah Daily, Town & Country and more.'A moving story of how easily a life can be submerged by work, and what it takes to regain one's soul' Oliver Burkeman, bestselling author of Four Thousand WeeksWhat are you willing to sacrifice to get to the top?What it might take to break free and leave it all behind?Carrie Sun can't shake the feeling that she's wasting her life. At twenty-nine, she's left her job, dropped out of an MBA program and is trapped in an unhappy engagement. So when she gets the opportunity to work at one of the most prestigious hedge funds in the world, she can't say no. Carrie is the sole assistant to the ¬firm's billionaire founder: she manages his work life, becomes his right hand and learns that money can solve nearly everything.But amid the ultimate winners in our winner-take-all economy, Carrie soon¬ finds her identity swallowed whole. With her physical and mental health deteriorating, she begins to rethink what it actually means to waste one's life. A searing examination of our relationship to work, Private Equity is a universal tale of self-invention from a dazzling new voice.----------------------'A penetrating but all the more necessary critique of extreme wealth and toxic work culture as [Sun] questions what it really means to waste one's life' Oprah Daily, The Most Anticipated Books of 2024'Bound to fascinate and terrify titans of finance in equal measure. That's because Sun writes of her own experience as the right hand to a billionaire banker, and shares incredible insights from the world that he inhabited, and in which she herself got lost. It's an observant, fascinating look at a rarefied space of power and privilege that's rarely on public view, and an unparalleled peek inside a system that shapes us all, whether we know it or not.' Town & Country, Must-Read Books of Winter 2024 Read more

This collection of the most influential work of the Nobel Prize laureate in economic sciences serves as an introduction for a new generation of readers.Few scholars have been as influential in finance and economics as University of Chicago professor Eugene F. Fama. Over the course of a brilliant and productive career, Fama has published more than one hundred papers, filled with diverse, highly innovative contributions.Published soon after the fiftieth anniversary of Fama’s appointment to the University of Chicago and his receipt of the Nobel Prize in Economics, The Fama Portfolio offers an authoritative compilation of Fama’s central papers. Many are classics, including his now-famous essay on efficient capital markets. Others, though less famous, are even better statements of the central ideas. Fama’s research considers key questions in finance, both as an academic field and an industry: How is information reflected in asset prices? What is the nature of risk that scares people away from larger returns? Does lots of buying and selling by active managers produce value for their clients? The Fama Portfolio provides for the first time a comprehensive collection of his work and includes introductions and commentary by the book’s editors, John H. Cochrane and Tobias Moskowitz, as well as by Fama’s colleagues, themselves top scholars and successful practitioners in finance. These essays emphasize how the ideas presented in Fama’s papers have influenced later thinking in financial economics, often for decades.“Fama’s ideas have influenced a generation of thinkers without most reading the original source material. This comprehensive collection of his work seeks to right that wrong.” —Bloomberg Read more

*THE OUTRAGEOUS INTERNATIONAL BESTSELLER*The classic Michael Lewis book that defined an era of greed, gluttony, and outrageous fortune in London and New York, by the author of The Big Short and Going Infinite. What readers are saying about Liar's Poker:'Still has relevance today' ⭐⭐⭐⭐⭐'Probably Michael Lewis's best work'⭐⭐⭐⭐⭐'A great insider's look at the most important firm on Wall Street during the 1980's' ⭐⭐⭐⭐⭐'An absolute classic' ⭐⭐⭐⭐⭐__________The time was the 1980s. The place was Wall Street. The game was called Liar's Poker.Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street's premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush.From mere trainee to lowly geek, to triumphal Big Swinging Dick: that was Michael Lewis's pell-mell progress through the dealing rooms of Salomon Brothers in New York and London during the heady mid-80s when they were probably the world's most powerful and profitable merchant bank.Funny, frightening, breathless and heartless, Liar's Poker is the original story of hysterical greed and excessive ambition, one that is now more potent and enthralling than ever.__________'If you thought Gordon Gekko of the Wall Street movie was an implausibly corrupt piece of fiction, see how you like the real thing. This rip-the-lid-off account of the bond-dealing brouhaha is the work of a real-life bond salesman.' The Sunday Times'So memorable and alive . . . one of those rare works that encapsulate and define an era.' Fortune'The funniest book on Wall Street I've ever read.' Tom Wolfe'Wickedly funny' Daily Express'Hilarious' New York Times Read more

*THE OUTRAGEOUS INTERNATIONAL BESTSELLER*The classic Michael Lewis book that defined an era of greed, gluttony, and outrageous fortune in London and New York, by the author of The Big Short and Going Infinite. What readers are saying about Liar's Poker:'Still has relevance today' ⭐⭐⭐⭐⭐'Probably Michael Lewis's best work'⭐⭐⭐⭐⭐'A great insider's look at the most important firm on Wall Street during the 1980's' ⭐⭐⭐⭐⭐'An absolute classic' ⭐⭐⭐⭐⭐__________The time was the 1980s. The place was Wall Street. The game was called Liar's Poker.Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street's premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush.From mere trainee to lowly geek, to triumphal Big Swinging Dick: that was Michael Lewis's pell-mell progress through the dealing rooms of Salomon Brothers in New York and London during the heady mid-80s when they were probably the world's most powerful and profitable merchant bank.Funny, frightening, breathless and heartless, Liar's Poker is the original story of hysterical greed and excessive ambition, one that is now more potent and enthralling than ever.__________'If you thought Gordon Gekko of the Wall Street movie was an implausibly corrupt piece of fiction, see how you like the real thing. This rip-the-lid-off account of the bond-dealing brouhaha is the work of a real-life bond salesman.' The Sunday Times'So memorable and alive . . . one of those rare works that encapsulate and define an era.' Fortune'The funniest book on Wall Street I've ever read.' Tom Wolfe'Wickedly funny' Daily Express'Hilarious' New York Times Read more

A comprehensive and authoritative exploration of Bitcoin and its place in monetary historyWhen a pseudonymous programmer introduced "a new electronic cash system that’s fully peer-to-peer, with no trusted third party" to a small online mailing list in 2008, very few people paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications.While Bitcoin is an invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Author Saifedean Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse.With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin's real competitive edge might just be as a store of value and network for the final settlement of large payments a digital form of gold with a built-in settlement infrastructure.Ammous' firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, Bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders.The final chapter of the book explores some of the most common questions surrounding Bitcoin: Is Bitcoin mining a waste of energy? Is Bitcoin for criminals? Who controls Bitcoin, and can they change it if they please? How can Bitcoin be killed? And what to make of all the thousands of Bitcoin knockoffs, and the many supposed applications of Bitcoin's 'block chain technology'? The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internet's decentralized, apolitical, free-market alternative to national central banks. Read more

THE TOP TEN SUNDAY TIMES BESTSELLER'Gripping and horrifying... witty and brilliant. Buy it' The Times'A treasure trove of killer facts' Guardian'Read it, absorb it, and understand how the country works' Laura KuenssbergPaul Johnson and the enormously respected Institute for Fiscal Studies aim to hold Government to account - without which politicians will get away with their half-truths, elisions and dubious claims. This is a forensic examination - by the man best placed to do so - of the way the state raises and spends £1 trillion of our money every year. To follow the money. To provide an explanation, of where that money comes from and where it goes to, how that has changed and how it needs to change.'This book is the antidote to naivety that our political class needs. Anyone, in fact, who has strong views about how society should be run would benefit from reading it, because every political ambition costs money and as Johnson writes, "someone has to pay for all this"... The story he tells may leave you reeling... Johnson's buoyant yet acerbic style will keep you engaged. The sobering realities he lays out are peppered with entertaining asides'Book of the Week, Sunday Times Read more

'Making money is a knack, a knack that can be acquired. And if someone like me can become rich, then so can you - no matter what your present circumstances. Here is how I did it and what I learned along the way.' So writes Felix Dennis, who believes that almost anyone of reasonable intelligence can become rich, given sufficient motivation and application. How To Get Rich is a distillation of his business wisdom. Primarily concerned with the step-by-step creation of wealth, it ruthlessly dissects the business failures and financial triumphs of 'a South London lad who became rich virtually by accident'. Part manual, part memoir, part primer, this book is a template for those who are willing to stare down failure and transform their lives.Canny, infuriating, cynical and generous by turns, How To Get Rich is an invaluable guide to 'the surprisingly simple art of collecting money which already has your name on it'. Read more

***THE WORD OF MOUTH INTERNATIONAL BESTSELLER NOW UPDATED WITH 15 EXPLOSIVE NEW CHAPTERS***False economics. Threats, bribes, extortion. Debt, deception, coups, assassinations and unbridled military power. These are the tools used by the ‘corporatocracy’ – a vast network of corporations, banks, colluding governments and rich and powerful individuals – to ensure that they retain and expand their wealth and influence, growing richer and richer as the poor become poorer.In his original, post 9/11 book, John Perkins revealed how he was recruited as an economic hit man in the 1970s, and exposed the corrupt methods American corporations use to spread their influence in the developing world, cheating countries out of trillions of dollars. In this new, extensively updated edition he lays bare the latest, terrifying evolution of the economic hit man, and how the system has become even more entrenched and powerful than ever before.In New Confessions of an Economic Hit Man, John Perkins provides fresh and chilling evidence of how the corporatocracy has grown its influence to every corner of the globe, making us all unwitting slaves to their regime. But he also provides advice on how we can end our unconscious support of the system and its self-serving, lethal economy.------------------------------------------------------------------------------------------------------"Perkins has, once again, made a substantial contribution to a world that needs whistle-blowers to open its eyes to the true sources of political, social, and economic power" - Yanis Varoufakis"It comes from the heart. I highly recommend it." - Michael Brownstein"it’s all here in toe-curling detail' - Guardian Read more

A BOOK OF THE YEAR FOR THE FINANCIAL TIMES AND FORTUNE MAGAZINE.The epic story of how a young social climber from Malaysia pulled off one of the biggest financial heists in history.In 2015, rumours began circulating that billions of dollars had been stolen from a Malaysian investment fund. The mastermind of the heist was twenty-seven-year-old Jho Low, a serial fabulist from an upper-middle-class Malaysian family, who had carefully built his reputation as a member of the jet-setting elite by arranging and financing elaborate parties for Wall Street bankers, celebrities, and even royalty.With the aid of Goldman Sachs and others, Low stole billions of dollars, right under the nose of global financial industry watchdogs. He used the money to finance elections, purchase luxury real estate, throw champagne-drenched parties, and bankroll Hollywood films like The Wolf of Wall Street. Billion Dollar Whale reveals how this silver-tongued con man, a ‘modern Gatsby’, emerged from obscurity to pull off one of the most audacious financial heists the world has ever seen, and how the financial industry let him. It is a classic harrowing parable of hubris and greed in the financial world. Read more

An epic true story of ambition, greed and hubris – the collapse of Greensill Capital is a billion pound scandal that shredded the reputation of a British Prime Minister.'The British version of Bad Blood . . . [but] better' – The Sunday Times'Terrific' – The Observer, Book of the WeekPyramid of Lies charts the meteoric rise and spectacular downfall of Lex Greensill and his company. He had a simple idea that disrupted a trillion dollar industry and drew in Swiss bankers, global CEOs, and world leaders, including former British Prime Minister, David Cameron. But a staid business model concealed dubious practices, as Greensill made increasingly risky loans to fraudulent companies using other people’s money.Financial journalist Duncan Mavin, who helped expose Greensill, tells the incredible story of how a former sugar-cane farmer became one of the world’s richest men before falling back to earth. With a globe-circling narrative full of scandal and intrigue, Pyramid of Lies reveals how the grubby world of shadow banking really operates.‘Forensic and riveting’ – The New Statesman‘Meticulously researched’ – The Daily Telegraph Read more

From an award-winning financial historian comes the gripping, character-driven story of venture capital and the world it madeInnovations rarely come from "experts." Jeff Bezos was not a bookseller; Elon Musk was not in the auto industry. When it comes to innovation, a legendary venture capitalist told Sebastian Mallaby, the future cannot be predicted, it can only be discovered. Most attempts at discovery fail, but a few succeed at such a scale that they more than make up for everything else. That extreme ratio of success and failure is the power law that drives venture capital, Silicon Valley, the tech sector, and, by extension, the world.Drawing on unprecedented access to the most celebrated venture capitalists of all time, award-winning financial historian Sebastian Mallaby tells the story of this strange tribe of financiers who have funded the world's most successful companies, from Google to SpaceX to Alibaba. With a riveting blend of storytelling and analysis, The Power Law makes sense of the seeming randomness of success in venture capital, an industry that relies, for good and ill, on gut instinct and personality rather than spreadsheets and data. We learn the unvarnished truth about some of the most iconic triumphs and infamous disasters in the history of tech, from the comedy of errors that was the birth of Apple to the venture funding that fostered hubris at WeWork and Uber to the industry's notorious lack of women and ethnic minorities.Now the power law echoes around the world: it has transformed China's digital economy beyond recognition, and London is one of the top cities for venture capital investment. By taking us so deeply into the VCs' game, The Power Law helps us think about our own future through their eyes. Read more

“By far the best book on investing ever written.” — Warren BuffettThe classic text of Benjamin Graham’s seminal The Intelligent Investor has now been revised and annotated to update the timeless wisdom for today’s market conditions.The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham's philosophy of "value investing"—which shields investors from substantial error and teaches them to develop long-term strategies—has made The Intelligent Investor the stock market bible ever since its original publication in 1949.Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles.Vital and indispensable, this revised edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals. Read more

A NEW YORK TIMES, WALL STREET JOURNAL, AND USA TODAY BESTSELLER The legendary investor shows how to identify and master the cycles that govern the financial markets. "A MUST-READ" Ray Dalio, bestselling author of Principles and Co-Chief Investment Officer and Co-Chairman, Bridgewater Associates "WHEN I SEE MEMOS FROM HOWARD MARKS IN MY MAIL, THEY'RE THE FIRST THING I OPEN AND READ" Warren Buffett"HOWARD IS A LEGENDARY INVESTOR" Tony RobbinsWe all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets, and companies, but also human psychology and the investing behaviors that result.If you study past cycles, understand their origins and remain alert for the next one, you will become keenly attuned to the investment environment as it changes. You'll be aware and prepared while others get blindsided by unexpected events or fall victim to emotions like fear and greed.By following Marks's insights - drawn in part from his iconic memos over the years to Oaktree's clients - you can master these recurring patterns to have the opportunity to improve your investing results. SEE WHAT REVIEWERS ARE SAYING ABOUT MASTERING THE MARKET CYCLE:⭐⭐⭐⭐⭐ "This book lays the timeless fundamentals for investment success" ⭐⭐⭐⭐⭐ "A must-read"⭐⭐⭐⭐⭐ "Excellent book on cycles and psychology" Read more

'Worth far more than its cover price ... I wish I’d had it available to me when I was first looking for startup funding' -- Eric RiesEvery startup needs capital, and ambitious startups seek it on Sand Hill Road – Silicon Valley’s dream street for entrepreneurs. That’s where you’ll find the biggest names in venture capital, including the famed VC firm Andreessen Horowitz, where lawyer-turned-entrepreneur-turned-VC Scott Kupor serves as managing partner.Whether you’re trying to get a new company off the ground or scale an existing business to the next level, you need to understand how VCs think. Secrets of Sand Hill Road is the first book that shows you exactly how VCs decide where and how much to invest. It will help you get the best possible deal and make the most of your relationships with VCs. You’ll learn, for instance:-- Why most VCs typically invest in only one startup in a given business category-- Why the talent you need most when raising venture capital is your storytelling ability-- How to handle a 'down round', when you have to raise funds at a lower valuation than in your previous round-- Why bridge financing (reopening your last round to existing investors) is generally a bad idea-- What to do when VCs get too entangled in the day-to-day operations of your business-- Why you need to build relationships with potential acquirers long before you decide to sellFilled with Kupor’s firsthand experiences, insider advice, and practical takeaways, Secrets of Sand Hill Road is the guide you need to turn yourstartup into the next unicorn. Read more

A Comprehensive Overview of the Past, Present, and Future of MoneyBroken Money explores the history of money through the lens of technology. Politics can affect things temporarily and locally, but technology is what drives things forward globally and permanently. The book's goal is for the reader to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and in terms of practical implications.From shells to gold, from papyrus bills of exchange to central banks, and from the invention of the telegraph to the creation of Bitcoin, Lyn Alden walks the reader through the emergence of new technologies that have shaped what we use as money over the ages. And beyond that, Alden explores the concept of what money is at its very foundation to give the reader a framework to analyze and compare different types of monetary technologies and monetary theories.The book also takes a distinctively human look at how money impacts the lives of real people, and how new monetary technologies shape the power structures within society.In the modern era, energy abundance and technological enhancements have broadly improved human well-being, but the global monetary system has been slow to keep up. There are over 160 active currencies in the world, each with a local monopoly over its own country, and with little or no acceptance elsewhere. Many of them are rapidly diluted, which continually devalues the savings and the wages of the billions of people who live and work within those jurisdictions. Being born in the "wrong" country makes saving money far harder than it needs to be.Nigeria has a population of over 200 million people and has averaged 13% annualized inflation over the past decade. Egypt cut its currency in half relative to the dollar twice over the past decade, which instantly devalued the savings and wages of its 100 million citizens. Dozens of countries have experienced at least triple-digit year-over-year inflation within the past four decades, including Brazil that outright hyperinflated in the 1990s while it was the fifth most populous country in the world.Europe and Japan had $18 trillion worth of negative-yielding bonds in 2019, right before a wave of inflation wiped their purchasing power away. In 2021, the chairman of the U.S. Federal Reserve dismissed the idea that the sharp rise in the money supply from the pandemic stimulus would lead to price inflation. By 2022, as major inflation emerged, the chairman rapidly changed his outlook and tightened monetary policy so quickly that it led to the failure of some of the largest banks in the country.How did we get to this point? Why isn't our money better than this in the 21st century? Broken Money answers these questions by examining the current mix of technology that has led to these limitations, and then explores emerging technologies that may be able to provide us with a monetary system that is fit for the modern era. Read more

ONE WOMAN'S QUEST TO REBUILD BRITAIN'S BROKEN BANKING SYSTEM'If there was ever a business book suitable for TV adaptation, this is it' FTIn the aftermath of the 2008 financial crash, the British banking industry had come to a standstill. Trust in the sector had been left in tatters and, despite the emergence of technologies which could revolutionise the customer experience, nobody wanted to upset the status quo.That was until Anne Boden decided to do something radical and start her own bank.Founder of Starling Bank, winner of Best British Bank three years running, in this awe-inspiring story Anne reveals how she broke through bureaucracy, successfully tackled prejudice to realise her vision for the future of consumer banking and revolutionised the entire industry forever.***ONE OF THE TIMES TOP 5 BEST BUSINESS BOOKS OF THE YEAR 2020***'A banking blockbuster' The Observer Magazine'Sent shockwaves through the tight-knit world of UK tech and venture capital' Yahoo Finance Read more

Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money.  He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation. Read more

Learn the tricks of the trade from a gambling and investment legendThe New York Times bestsellerMathematics professor. Professional gambler. Tech inventor. Hedge fund heavyweight. Bestselling author. Edward O. Thorp is one of a kind.In a remarkable career, Thorp rose from nothing to become a professor at MIT, invented card counting and the world’s first wearable computer, beat the casinos of Las Vegas at blackjack and roulette, then became a bestselling author and a hedge fund heavyweight, ushering in a revolution on Wall Street. Now he shares his incredible life story for the first time, revealing how he made his fortune and giving advice to the next generation of investors. An intellectual thrill ride, replete with practical wisdom, A Man for All Markets is a scarcely imaginable tale of ludicrous success.‘An extraordinary autobiography which reads like a novel.’ John Kay, author of Other People’s Money Read more

FINALIST: American Book Fest Best Book Awards 2024 - Business: Entrepreneurship & Small BusinessHow do female entrepreneurs overcome hurdles, redress power imbalances and create a business with coveted unicorn status?High-growth enterprises on a rocket ship growth trajectory and tech unicorns with a value of more than£1billion have the potential to transform the economy. But building a unicorn is not an easy task. And it's even more difficult for female-led enterprises than it is for male-led start-ups.Female Founders' Playbook brings together the experiences of the leading women entrepreneurs and VC investors. These successful businesswomen share their thoughts on every aspect of launching a high-growth business, from coming up with a unicorn-worthy idea, through to building a multi-talented team to winning investment. Their tales of success and failure are drawn together by commentary and insightful analysis by award-winning technology founder and architect of Starling Bank, Anne Boden, creating an easy-to-follow guide for any female leader.Rather than talking about who might be the next Bezos, Gates or Jobs, Female Founders' Playbook tells the true stories of those women who are guaranteed to inspire and help the next generation of female entrepreneurs. Read more

A Comprehensive Overview of the Past, Present, and Future of MoneyBroken Money explores the history of money through the lens of technology. Politics can affect things temporarily and locally, but technology is what drives things forward globally and permanently. The book's goal is for the reader to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and in terms of practical implications.From shells to gold, from papyrus bills of exchange to central banks, and from the invention of the telegraph to the creation of Bitcoin, Lyn Alden walks the reader through the emergence of new technologies that have shaped what we use as money over the ages. And beyond that, Alden explores the concept of what money is at its very foundation to give the reader a framework to analyze and compare different types of monetary technologies and monetary theories.The book also takes a distinctively human look at how money impacts the lives of real people, and how new monetary technologies shape the power structures within society.In the modern era, energy abundance and technological enhancements have broadly improved human well-being, but the global monetary system has been slow to keep up. There are over 160 active currencies in the world, each with a local monopoly over its own country, and with little or no acceptance elsewhere. Many of them are rapidly diluted, which continually devalues the savings and the wages of the billions of people who live and work within those jurisdictions. Being born in the "wrong" country makes saving money far harder than it needs to be.Nigeria has a population of over 200 million people and has averaged 13% annualized inflation over the past decade. Egypt cut its currency in half relative to the dollar twice over the past decade, which instantly devalued the savings and wages of its 100 million citizens. Dozens of countries have experienced at least triple-digit year-over-year inflation within the past four decades, including Brazil that outright hyperinflated in the 1990s while it was the fifth most populous country in the world.Europe and Japan had $18 trillion worth of negative-yielding bonds in 2019, right before a wave of inflation wiped their purchasing power away. In 2021, the chairman of the U.S. Federal Reserve dismissed the idea that the sharp rise in the money supply from the pandemic stimulus would lead to price inflation. By 2022, as major inflation emerged, the chairman rapidly changed his outlook and tightened monetary policy so quickly that it led to the failure of some of the largest banks in the country.How did we get to this point? Why isn't our money better than this in the 21st century? Broken Money answers these questions by examining the current mix of technology that has led to these limitations, and then explores emerging technologies that may be able to provide us with a monetary system that is fit for the modern era. Read more