Overview

Money issues dominate the news, but economic jargon and the complexity of it all can be bamboozling for regular folks. Paul Sheard, a leading economist and research fellow at Harvard Kennedy School, is known for his ability to see the forest and the trees and demystify complex economic phenomena. With The Power of Money, Sheard empowers listeners to become better-informed economic citizens by providing context for some of the biggest questions surrounding money, such as: How does money come into existence? How is the process of money printing governed, particularly if too much of it causes inflation? What is quantitative easing and how does it work? Does government debt ever have to be repaid, and is it really a burden on our grandchildren? Are financial crises bound to happen sometimes? Can the euro, a currency without a government, survive in its current form? Are proposed cures for economic inequality worse than the disease? What is the future of money--are cryptocurrencies going to upend the money system as we know it? Financial enthusiasts and non-specialists alike will be surprised by the answers to these questions. The Power of Money provides a comprehensive foundation of knowledge to help you feel better informed and more confident as you follow and engage in economic and financial affairs and policy debates.

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Paul Sheard, an Australian American economist, is the former vice chairman of S&P Global and a former senior fellow and research fellow at Harvard Kennedy School. He has held global chief economist positions at Standard & Poor's, Nomura Securities, and Lehman Brothers. Earlier he held faculty positions at Osaka University and at the Australian National University, and held visiting scholar positions at Stanford University and the Bank of Japan. He is a member of the World Economic Forum's Global Agenda Council on the New Agenda for Fiscal and Monetary Policy, and is a member of the Council on Foreign Relations, the Bretton Woods Committee, the Economic Club of New York, and the Foreign Policy Association. As the middle of six children, Michael Langan quickly carved out his space in the group; he was the storyteller. Out in the real world, he would gravitate to office and administration roles until he quit his job in 2020, deciding to become a full-time voice-over artist and a background artist in film and television productions. When he's not on set, in his home studio, or being forcibly dragged across rugby fields by his dog Oisin, he can be found in his kitchen, setting off the fire alarm on a regular basis with his attempts at cooking and baking.

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