One of the biggest questions of the financial crisis has not been answered until now: What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers—right from the belly of the beast. In A Colossal Failure of Common Sense, Larry McDonald, a Wall Street insider, reveals, the culture and unspoken rules of the game like no book has ever done. The book is couched in the very human story of Larry McDonald’s Horatio Alger-like rise from a Massachusetts “gateway to nowhere” housing project to the New York headquarters of Lehman Brothers, home of one of the world’s toughest trading floors. We get a close-up view of the participants in the Lehman collapse, especially those who saw it coming with a helpless, angry certainty. We meet the Brahmins at the top, whose reckless, pedal-to-the-floor addiction to growth finally demolished the nation’ s oldest investment bank. The Wall Street we encounter here is a ruthless place, where brilliance, arrogance, ambition, greed, capacity for relentless toil, and other human traits combine in a potent mix that sometimes fuels prosperity but occasionally destroys it. The full significance of the dissolution of Lehman Brothers remains to be measured. But this much is certain: it was a devastating blow to America’s—and the world’s—financial system. And it need not have happened. This is the story of why it did.
A Comprehensive Overview of the Past, Present, and Future of Money Broken Money explores the history of money through the lens of technology. Politics can affect things temporarily and locally, but technology is what drives things forward globally and permanently. The book's goal is for the reader to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and in terms of practical implications. From shells to gold, from papyrus bills of exchange to central banks, and from the invention of the telegraph to the creation of Bitcoin, Lyn Alden walks the reader through the emergence of new technologies that have shaped what we use as money over the ages. And beyond that, Alden explores the concept of what money is at its very foundation to give the reader a framework to analyze and compare different types of monetary technologies and monetary theories. The book also takes a distinctively human look at how money impacts the lives of real people, and how new monetary technologies shape the power structures within society. In the modern era, energy abundance and technological enhancements have broadly improved human well-being, but the global monetary system has been slow to keep up. There are over 160 active currencies in the world, each with a local monopoly over its own country, and with little or no acceptance elsewhere. Many of them are rapidly diluted, which continually devalues the savings and the wages of the billions of people who live and work within those jurisdictions. Being born in the "wrong" country makes saving money far harder than it needs to be. Nigeria has a population of over 200 million people and has averaged 13% annualized inflation over the past decade. Egypt cut its currency in half relative to the dollar twice over the past decade, which instantly devalued the savings and wages of its 100 million citizens. Dozens of countries have experienced at least triple-digit year-over-year inflation within the past four decades, including Brazil that outright hyperinflated in the 1990s while it was the fifth most populous country in the world. Europe and Japan had $18 trillion worth of negative-yielding bonds in 2019, right before a wave of inflation wiped their purchasing power away. In 2021, the chairman of the U.S. Federal Reserve dismissed the idea that the sharp rise in the money supply from the pandemic stimulus would lead to price inflation. By 2022, as major inflation emerged, the chairman rapidly changed his outlook and tightened monetary policy so quickly that it led to the failure of some of the largest banks in the country. How did we get to this point? Why isn't our money better than this in the 21st century? Broken Money answers these questions by examining the current mix of technology that has led to these limitations, and then explores emerging technologies that may be able to provide us with a monetary system that is fit for the modern era.
Frederick Bastiat dismantles Socialism, the Nanny State, the Welfare State, Pro-Business Cronyism, and all the other forms of government interference in people's lives. He destroys the perverse logic of the Do-Gooders who want to help one group or another because, somehow, it's the fair thing to do. Bastiat shows that the result of all this protection and benevolence is to make people poorer and less free. His lessons and logic are up to date and powerful. Amazingly, the book originally came out in 1850! The Law is a quick read for both the beginner and the neophyte... and one you'll choose to re-read.
Lysander Spooner's discontentment with the Constitution of the United States led him to publish No Treason, which revises significant parts of that document to reduce the power of the state versus individuals. The author was an anti-authoritarian philosopher and legal theorist who had spent his earlier life vigorously campaigning against slavery. Following the American Civil War however, he became horrified at the brutality and carnage that had been unleashed. Redoubling his criticisms, Spooner asserts his dismay that the U.S. government was rendered inert by its Constitution - slavery was only abolished after a long and bloody war, whereas had it been forbade at the outset, no such conflict would have arisen. A strong proponent of natural law - the concept that all humans had rights endowed at the point of their birth - Spooner had a sense of revulsion at how American politics had ensued in the early-to-mid 19th century. It was thus that No Treason was written in the hope of moderating the Constitution to ensure that slavery and bloody recriminations for secession would never again occur. In life, many of Spooner's actions versus authority were successful; his abolitionism consisted of circulating pamphlets including those suggesting guerrilla warfare by slaves, and prefaced the Civil War. Later in life his challenge to the postal monopolies successfully resulted in such monopolies being regulated to the point where mailing became much cheaper for all. Furthermore he advanced a cogent theory of self-employment, believing it a way to laborers avoiding or reducing their exploitation by employers.
THE INSTANT #1 NEW YORK TIMES BESTSELLER Dr. Mark Hyman presents the definitive guide to reversing disease, easing pain, and living younger longer that “will revolutionize how we approach aging” (Jay Shetty, author of 8 Rules of Love). Aging has long been considered a normal process. We think disease, frailty, and gradual decline are inevitable parts of life. But they don’t have to be. Science today sees aging as a treatable disease. By addressing its root causes we can not only increase our health span and live longer but prevent and reverse the maladies of aging—including heart disease, cancer, diabetes, and dementia. In Young Forever, Dr. Mark Hyman challenges us to reimagine our biology, health, and the process of aging. To uncover the secrets to longevity, he explores the biological hallmarks of aging, their causes, and their consequences—then shows us how to overcome them with simple dietary, lifestyle, and emerging longevity strategies. You’ll learn: * How to turn on your body’s key longevity switches * How to reduce inflammation and support the health of your immune system * How to exercise, sleep, and de-stress for healthy aging * How to eat your way to a long life, featuring Dr. Hyman’s Pegan Diet * Which supplements are right for you * Where the research on aging is headed * And much more With dozens of science-based strategies and tips, Young Forever is a revolutionary, practical guide to creating and sustaining health—for life.
From the author of Regretting You, this riveting sequel to the “glorious and touching” (USA TODAY) #1 New York Times bestseller picks up where It Ends with Us concluded and shares what happens next for Lily and Atlas. Lily and her ex-husband, Ryle, have just settled into a civil coparenting rhythm when she suddenly bumps into her first love, Atlas, again. After nearly two years separated, she is elated that for once, time is on their side, and she immediately says yes when Atlas asks her on a date. But her excitement is quickly hampered by the knowledge that, though they are no longer married, Ryle is still very much a part of her life—and Atlas Corrigan is the one man he will hate being in his ex-wife and daughter’s life. Switching between the perspectives of Lily and Atlas, It Starts with Us picks up right where the epilogue for the “gripping, pulse-pounding” (Sarah Pekkanen, New York Times bestselling author ) bestselling phenomenon It Ends with Us left off. Revealing more about Atlas’s past and following Lily as she embraces a second chance at true love while navigating a jealous ex-husband, it proves that “no one delivers an emotional read like Colleen Hoover” (Anna Todd, New York Times bestselling author).
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- This recorder is easy to play and has a clear soft tone. - Straight windway is easy to play with a soft pure tone. This is ideal for beginners. - Baroque fingering system. - Includes cotton case bag made from environmentally friendly natural cotton. - ABS resin used is manufactured with non-toxic materials that meet or exceed international safety standards. - Ideal for school use.
- A-frame universal guitar stand for acoustic and electric guitars - 3 adjustable-width settings to accommodate most guitar shapes - Lightweight, durable, metal construction; no assembly needed - Soft foam arms and back rest to protect your guitar - Folds flat for convenient transport and storage; non-slip rubber feet
- Includes 3 individually wrapped sets. - Ernie Ball Slinkys are played by legends around the world including Slash, Jimmy Page, Metallica, Eric Clapton, and more. - Beefy Slinky’s 11-54 gauge is optimal for detuning. - For decades, Slinkys have provided players with exceptional tone and consistency across the entire fretboard. - Crafted in the USA with the freshest and finest materials.
Color: Beefy (11-54) Style: 3-Pack