Listen Now
Loading audio... Please wait for the audio to load before using controls.
0:0020:19
100%
Chapter Overview
Chapter 1: The financial system is evolutionary in nature.
Chapter 2: The value of money comes from the trust we as societies place in it, not from its intrinsic worth.
Chapter 3: The system of credit and debit funds the financial system through the creation of money.
Chapter 4: The financial system is a combination of interconnected financial markets and institutions developed over centuries.
Chapter 5: Finance, in particular access to credit, is the most effective way of providing a route out of poverty.
Chapter 6: Societies with a strong financial system will prosper at the expense of those that are financially inefficient.
Chapter 7: The financial system mirrors human nature and is therefore deeply irrational and unequal.
Chapter 8: The stock market tends to develop bubbles, all of which eventually burst.
Chapter 9: Inflation and hyperinflation are often caused by the political mismanagement of a currency.
Chapter 10: Both private insurance and the welfare state are imperfect systems for minimizing financial risk and uncertainty.
Chapter 11: The deregulation of the real estate market shows how political decisions can have dramatic financial repercussions.
Description
The Ascent of Money is an explanation of how different historical events led to the development of the current financial system.
It aims to show how, despite its proneness to crises and inequality, the financial system and money itself are drivers of human history and progress.
Who Should Listen
- Anyone who wants to understand the workings of the financial system
- People who want to understand why financial crises happen
- Anyone who wants to know why money is so powerful