Charles Wheelan

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 twenty dollars? 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 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 around the globe, Wheelan demystifies the curious world behind the paper in our wallets and the digits in our bank accounts.

A vision—and detailed road map to power—for a new party that will champion America’s rational center.

From debt ceiling standoffs to single-digit Congress approval ratings, America’s political system has never been more polarized—or paralyzed—than it is today. As best-selling author and public policy expert Charles Wheelan writes, now is the time for a pragmatic Centrist party that will identify and embrace the best Democratic and Republican ideals, moving us forward on the most urgent issues for our nation.

Wheelan—who not only lectures on public policy but practices it as well (he ran unsuccessfully for Congress in 2009)—brings even more than his usual wit and clarity of vision to The Centrist Manifesto. He outlines a realistic ground game that could net at least five Centrist senators from New England, the Midwest, and elsewhere. With the power to deny a red or blue Senate majority, committed Centrists could take the first step toward giving voice and power to America’s largest, and most rational, voting bloc: the center.

Finally! A book about economics that won’t put you to sleep. In fact, you won’t be able to put this bestseller down. In our challenging economic climate, this perennial favorite of students and general readers is more than a good read, it’s a necessary investment—with a blessedly sure rate of return. Demystifying buzzwords, laying bare the truths behind oft-quoted numbers, and answering the questions you were always too embarrassed to ask, the breezy Naked Economics gives readers the tools they need to engage with pleasure and confidence in the deeply relevant, not so dismal science.