Book description
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.
Pusher
With ListenBook, my iPhone and iPad have become a gateway to a world of captivating stories. ๐ Turning my phone into a portal of stories โ this app's ease of use is remarkable! ๐ฑ๐ซ No more hassle with file conversion. This app handles all formats effortlessly. My daily workouts are more enjoyable now, thanks to seamless integration with Apple Watch. Perfect for listening to lectures and speeches. Highly useful app.
Trash Sling
Supports all my playlists and bookmarks seamlessly. Very convenient. This audiobook kept me company during a long road trip and made the miles disappear! The narrator's engaging performance and the crisp production quality made for an immersive experience. I appreciated how well they balanced drama with clarity - never sacrificing understanding for effect.
Nutmeg
This app has rekindled my passion for storytelling in the most convenient way. This app's intuitive features and easy navigation make it a must-have for audiobook enthusiasts. CUE playlist support helps me organize my audiobooks efficiently. It's a great organizational tool. My workouts have become more enjoyable and productive with ListenBook's compatibility with Apple Watch. The app is perfect for people who love to listen to books while commuting.
Combo Saw
This app has become my loyal companion during travels and relaxation times. Audiobooks on this app have expanded my horizons and introduced me to new ideas. This app has made waiting in lines and queues an opportunity for exploration and enjoyment. With its powerful audio downloading features, I can have my favorite audiobooks ready to go, anytime and anywhere. The app is very user-friendly. ListenBook makes listening to audiobooks a breeze.
Fiend Oblivion
ListenBook's features are a dream come true for anyone who loves to learn on the go. No more interruptions โ the auto-rewind feature is a genius solution for seamless listening. This app is a must-have for anyone who loves audiobooks. The interface is intuitive, and the app supports all formats. I love the auto-bookmark featureโit saves my place automatically, so I never lose track. Highly recommend!
Rope
Easy access to chapters and silky-smooth playback. Love it! Iโm blown away by how feature-rich ListenBook is. From the customizable themes to the car mode, everything is designed with the user in mind. The app works flawlessly, and Iโve had zero issues with crashes or bugs. Highly recommend!
Twix Esses
CUE playlist support helps me organize my audiobooks efficiently. It's a great organizational tool. Downloading audiobooks over WiFi is super easy. Saves time. The narrator's voice was so pleasant and easy to listen to. They had perfect pacing and made even the slower parts engaging. I found myself looking forward to my commute just to listen more!
Mr. Gadget
ListenBook's dedication to providing a smooth and enjoyable listening experience is evident in every aspect of the app. ListenBook's support for various formats ensures that no audiobook is out of reach. What a delightful listening experience! The narrator's timing was impeccable, knowing exactly when to pause for effect or let the words flow. Their character voices were distinct yet natural - no over-the-top accents or distracting vocal tics. The audio quality was consistently excellent.
ThreadTraveler
This app has made long flights and road trips so much more enjoyable. Perfect for listening to lectures and speeches. Highly useful app.
Heaven Sent
Effortlessly exploring new worlds โ this app's design is user-centric and efficient. ListenBookโs audio quality is excellent. The app enhances my listening experience.
Guncap Slingbad
ListenBook has made me fall in love with my audio content all over again โ it's a must-have. This app's ease of use has made reading a seamless part of my daily routine. I never thought I'd find an app that supports such a wide range of audiobook formats. ListenBook is a true gem!
Highway
Kudos for the thoughtfully curated collections โ I'm discovering hidden gems! ListenBook has rekindled my passion for learning. I'm exploring new topics every day. Adjusting the tone of the voice is an innovative feature that enhances the immersion in the content.
Genghis Glyph
With ListenBook, I've found a versatile and enjoyable way to listen to audiobooks and expand my knowledge. ListenBook's drag-and-drop download feature simplifies the process of adding new audiobooks to my collection. ListenBook has made my daily commutes enjoyable. No more boredom! ListenBook's player features, including chapters and bookmarks, are invaluable for a seamless experience.
DreamWeaver
The selection of classics is a treasure trove for literature enthusiasts. ListenBook's compatibility with various formats ensures that my audio needs are met. This app has transformed my daily routine into moments of literary delight. Audiobook pleasure simplified โ this app's design is a true winner. Audiobook lovers, meet your new best friend! This app's smooth playback and easy organization have transformed my reading experience. ๐๐ง
K-9
The voice actors are incredible โ they make the characters come alive. Sharing audiobooks with friends through AirDrop is a creative way to share the love of literature.
Thunder Nut
I'm impressed by how this app seamlessly syncs across my devices. With support for various formats, I can finally listen to my diverse audiobook collection.
Are Ess Tee
I never thought I'd enjoy audiobooks as much as I do now โ all thanks to this app. This app is my constant companion, making every moment a chance to discover new worlds. This app's convenience and ease of use have transformed my screen time into productive learning sessions. No more interruptions โ the auto-rewind feature is a genius solution for seamless listening. The interface is beautiful and functional. ListenBook is my go-to app for audiobooks.
Dredd
This app is my travel companion โ making long journeys enjoyable and insightful. Audiobooks have never been this accessible โ this app is a true innovation. Tone adjustment is an innovative touch that adds a personal connection to the audiobook narration. It's like having a custom reading experience. The app is so well-designed. Itโs clear the developers put a lot of thought into it. The app is so easy to set up. I was listening to my books in no time.
Vermilion
Beautiful design and intuitive interface. Very pleased. I love the download options. ListenBook gives me so many ways to get my audiobooks onto my device.
Rocky Highway
๐๐ This app has rekindled my love for books โ I can't stop listening! ๐๐ง Audiobook immersion made simple โ this app's ease of use is commendable. I love the ability to customize the skip buttons. Itโs so convenient.
Playing a wide variety of audio formats
Works on all devices with iOS 13 and newer
Huge amount of features for a small price
Frequent updates to add new features and improve existing ones
Advanced playback controls
Live sound processing
Changing the timbre of the reader's voice and noise reduction
Translated into more than 20 languages
If you love listening to fiction audiobooks, ListenBook has features to make the process easier.
Edit book data: title, author, cover
Use equalizer to make the sound comfortable for you
Adjust the playback speed
Enjoy dark and light app themes
Supported formats: MP3, M4B, AWB, FLAC, OGG audio files and many more (must be DRM free)
Auto-Bookmarks make it easy to find your place
AirPlay support allows redirection of audio output.
VoiceOver support
Dark mode for night owls
Convenient bookmarking system helps you mark the most important places.
Unlimited bookmarks for each audiobook
Put your own cover on the wager
Share your audiobook with friends
Lock-screen control
Customise app with extensive options
Sleep timer with shake to reset, set custom notification sounds, and a few unique options
Auto rewind depending on paused time, customize rewind times to your liking
Removing background noise from recordings made in classrooms and meetings
Changing the timbre of the reader's voice for a better listening experience