Broken Money by Lyn Alden
Why Our Financial System is Failing Us and How We Can Make it Better
https://www.goodreads.com/book/show/197566578-broken-money
Learned so much from this book. Starts from ancient history and birth of banks all the way to Internet Native Money.
First part of the book focuses on the past, explaining how fiat money and Petrodollar system came to be.
Second part of the book focuses on the future and is more opinionated. You can simply skip some parts if they do not interest you and the book still makes sense.
- Why some monies outperformed others, ideal properties of money
- How Banking services and transactions work
- How global financial system changed over time (World Wars, Bretton Woods, Petrodollar)
- How money is created in the financial system
- How devaluations and debt cycles occur
- What is digital money, Bitcoin, stable coin, smart contract, Central Bank Digital Currencies (CBDC) and their tradeoffs
Lyn also has a monthly investing newsletter which focuses on macro conditions. Highly recommended
https://www.lynalden.com/investing-newsletter/