[eBook Code] What's Wrong with Money? (eBook Code, 1st)

Preface ix

Acknowledgments xiii

About the Author xv

PART I HOW MONEY LIVES AND DIES 1

CHAPTER 1 What Is Money, and Why Do We Need It? 3

CHAPTER 2 “Fiat” Money 19

CHAPTER 3 The Role of Central Banks and the (Limited) Power of Monetary Policy 27

CHAPTER 4 Bitcoin: A Solution and a Different Problem 39

CHAPTER 5 How Fiat Money Dies 47

PART II WHERE ARE WE NOW? 55

CHAPTER 6 Don’t Believe Everything You Read (But Believe Some of It) 57

CHAPTER 7 Central Bankers Are Monetarists No Longer 67

CHAPTER 8 Central Bankers in the Global Financial Crisis 77

CHAPTER 9 Where Are We Now? 99

CHAPTER 10 My Prescription 125

PART III HOW TO INVEST WITH INFLATION IN MIND 129

CHAPTER 11 Only Three Miracles 133

CHAPTER 12 Inflation-Aware Investing and the Easy Way 143

CHAPTER 13 Liability-Driven Investing for Individuals 159

CHAPTER 14 Investing for a Currency Calamity 173

Index 179