Broken Money

Why Our Financial System Is Failing Us and How We Can Make It Better

2023

History

by

Lyn Alden

A historical recount of how money has evolved over hundreds of years due to technological innovation and geopolitical forces. It begins with ancient commodity money, moves into the development of double-entry bookkeeping and the rise of banks, and shows how telecommunications accelerated settlement speed. The book then examines how the global financial system was shaped by geopolitical power dynamics. It concludes with a detailed look at modern money creation and how growing debt levels and ongoing currency devaluation gradually destabilize the global financial system.

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Jermaine's Notes

September 2023

Excellent book, decent title. Learned a ton of history I didn’t know. The link between money and tech really clicked—especially how tech shifts shaped monetary systems. Ends with good insights on digital money and where we might be headed.

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Central Banking 101

September 2023

This book is an insider's explanation of how central banks, especially the Federal Reserve, operate in today's modern financial system. The author, a former trader on the open markets desk at the Federal Reserve, shares his unique perspective on how the monetary system really works. This is a practical explanation of the foundational aspects of central banks and the plumbing of the financial system.
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