To those who don’t speak it, the language of money can seem
impenetrable and its ideas too complex to grasp. In How to Speak Money, John Lanchester—author of the New York Times bestselling book on the financial crisis, I.O.U.—bridges the gap between the money people and
the rest of us.
With characteristic wit and
candor, Lanchester reveals how the world of finance really works: from the
terms and conditions of your personal checking account to the evasions of
bankers appearing in front of Congress. As Lanchester states, we need to
understand what the money people are talking about means so that those who
speak the language don’t just write the rules for themselves.
Lanchester explains more than
three hundred words and phrases from “AAA rating” and “amortization” to “yield
curve” and “zombie bank.” He covers things we say or hear every day—such as
GDP, the IMF, credit, debt, equity, and inflation—and explains how hedge funds
work, what the World Bank does, and why the language of money has gotten so
complicated. Along the way he draws on everything from John Maynard Keynes to
the Wu-Tang Clan, Friedrich Hayek to Thomas Piketty, The Wealth of Nations to Game of Thrones.
A primer, a polemic, and a
reference book, How to Speak Money makes economics understandable to anyone. After
all, “money,” as Lanchester writes, “is a lot like babies, and once you know
the language, the rule is the same as that put forward by Dr. Spock: ‘Trust yourself.
You know more than you think you do.’” Download and start listening now!