{"product_id":"myth-of-money-isbn-9781394226863","title":"Myth of Money","description":"\u003cp\u003eIn \u003ci\u003eMyth of Money: Breaking Out of the Failing Financial System,\u003c\/i\u003e renowned finance, crypto, and economics thought leader Tatiana Koffman delivers an insightful and informative take on the past, present, and future of money, and the rise of cryptocurrencies as a transformative force in the financial world.\u003c\/p\u003e \u003cp\u003eKoffman has witnessed multiple financial collapses firsthand—beginning with the fall of the USSR, when her family lost everything, followed by the subprime mortgage crisis that marked the start of her new career, and then the economic fallout of COVID-19. As Bitcoin gains its footing globally, she has observed its meteoric rise and catastrophic falls with a keen understanding that these are early steps of a system poised to redefine finance.\u003c\/p\u003e \u003cp\u003eNavigating her way from traditional finance and into the realms of venture capital, crypto, and digital assets, as she writes about fintech, Koffman's journey takes us from Eastern Europe to Canada, to Bitcoin Beach in El Salvador, to Lebanon, Dubai, Africa, Necker Island, and back to the States. Along the way, she shares hard-earned lessons about the myths surrounding money, even those emerging in the new digital era.\u003c\/p\u003e \u003cp\u003eThroughout the book, her stories are paired with clear explanations and discussions of technical aspects of finance, in her trademark voice of clarity, incisively cutting to the core of complex topics in a relatable and easy-to-digest manner.\u003c\/p\u003e \u003cp\u003eKoffman's unique perspective, drawn from her global experience and deep understanding of economic upheavals, makes Myth of Money an essential read for anyone interested in the future of finance and the potential of cryptocurrency to take the place of a system we can no longer rely on to create and safeguard wealth.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eIntroduction: My Journey to Freedom 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Drawing Back the Iron Curtain 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRoots of Resilience 8\u003c\/p\u003e \u003cp\u003eThe Fall of the Soviet Empire 9\u003c\/p\u003e \u003cp\u003eThe Birth of Property Rights in the East 14\u003c\/p\u003e \u003cp\u003eChildhood Lessons: It’s a Hard-Knock Life 16\u003c\/p\u003e \u003cp\u003eRussian Run on the Banks 18\u003c\/p\u003e \u003cp\u003eGo West: Starting a New Life in North America 20\u003c\/p\u003e \u003cp\u003eCollege Years: A Philosopher’s Chair 22\u003c\/p\u003e \u003cp\u003eMONEY MYTH #1: Your past defines your future 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 The Modern Boiler Room 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGirl on the Trading Floor: The Lows of High Finance 28\u003c\/p\u003e \u003cp\u003eDavid and Goliath: Navigating the Investment Banking World 34\u003c\/p\u003e \u003cp\u003eSweating the Swap Desk: Fixed Income 38\u003c\/p\u003e \u003cp\u003eBig, Smart Money: Stocks and Equities 41\u003c\/p\u003e \u003cp\u003eStepping Off the Merry-Go-Round 45\u003c\/p\u003e \u003cp\u003eMONEY MYTH #2: Banks exist for our benefit 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 The Culture of Money 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFrom Linkin Park to The Chainsmokers: Music and the Art of Venture Capital 53\u003c\/p\u003e \u003cp\u003eY Combinator and the Venture Capital Framework 55\u003c\/p\u003e \u003cp\u003eUnicorns, Kardashians, and the NFT Revolution 60\u003c\/p\u003e \u003cp\u003eMONEY MYTH #3: Making money has to be boring 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The Money Printer 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Journey to My Parents’ Basement 71\u003c\/p\u003e \u003cp\u003eKey Schools of Economic Thought 75\u003c\/p\u003e \u003cp\u003eA Creature Awakes: The Federal Reserve Steps In 78\u003c\/p\u003e \u003cp\u003eThe Money Printer Goes Brrrrr 84\u003c\/p\u003e \u003cp\u003eThe K-Shaped Recovery 87\u003c\/p\u003e \u003cp\u003eFlight to Safety 89\u003c\/p\u003e \u003cp\u003eMONEY MYTH #4: Regular people don’t need to understand economic policy 90\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Once Upon a Time in El Salvador 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Birth of Bitcoin 94\u003c\/p\u003e \u003cp\u003eA Love Story: Bitcoin’s First Circular Economy 100\u003c\/p\u003e \u003cp\u003eThe First Country to Make Bitcoin Legal Tender 106\u003c\/p\u003e \u003cp\u003eMONEY MYTH #5: Bitcoin is a scam 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Lebanon on Fire 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA House of Paper 114\u003c\/p\u003e \u003cp\u003eA Brief History of Money 114\u003c\/p\u003e \u003cp\u003eWWII: A Financial Systems Overhaul 118\u003c\/p\u003e \u003cp\u003eCrisis in Beirut: Hyperinflation Rocks the Boat 121\u003c\/p\u003e \u003cp\u003eHyperinflation: Triggers and Consequences 124\u003c\/p\u003e \u003cp\u003eMONEY MYTH #6: All fiat currency is trustworthy 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 The Art of a Ponzi Scheme 133\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eVegas of the Middle East 134\u003c\/p\u003e \u003cp\u003eI’m Rich, B*tch: Lessons from Larry’s Crypto Suite 137\u003c\/p\u003e \u003cp\u003eThe Genesis of Cryptocurrencies 145\u003c\/p\u003e \u003cp\u003eWashed Up in Monaco 151\u003c\/p\u003e \u003cp\u003eCashing In and Cashing Out 154\u003c\/p\u003e \u003cp\u003eMONEY MYTH #7: All cryptocurrencies are good investments 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Leapfrogging to a Decentralized Africa 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Fourth Industrial Revolution 158\u003c\/p\u003e \u003cp\u003eThe Camp David of South Africa: A Presidential Visit 162\u003c\/p\u003e \u003cp\u003eA Detour to Necker Island 164\u003c\/p\u003e \u003cp\u003eInto the Lion’s Den: Blockchain Applications Kenya and Nigeria 168\u003c\/p\u003e \u003cp\u003eMONEY MYTH #8: Blockchain technologies do not have real-world impact 174\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Breaking Point 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhen Your Mind and Body Fail: Retreat to Bali 178\u003c\/p\u003e \u003cp\u003eMarket Collapse: A (Block)chain Reaction 181\u003c\/p\u003e \u003cp\u003eThe Contagion 184\u003c\/p\u003e \u003cp\u003eSoft Landing in a Pool of Quicksand: Quantitative Tightening 185\u003c\/p\u003e \u003cp\u003eBehind the Vault Door: There Is Less than You Think 189\u003c\/p\u003e \u003cp\u003eProtect Yourself from Economic Turbulence 192\u003c\/p\u003e \u003cp\u003eMONEY MYTH #9: Getting rich quickly is easy 194\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Waking Up from the American Dream 197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Beginning of the End 199\u003c\/p\u003e \u003cp\u003eThe American Debt: A Downward Spiral 203\u003c\/p\u003e \u003cp\u003eGlobal De-Dollarization 205\u003c\/p\u003e \u003cp\u003eBehind the Battlefield: The Economics of War 209\u003c\/p\u003e \u003cp\u003eBitcoin Is a Silent Protest 216\u003c\/p\u003e \u003cp\u003eMONEY MYTH #10: The US dollar is different 217\u003c\/p\u003e \u003cp\u003eA Path Forward 219\u003c\/p\u003e \u003cp\u003eAbout the Author 229\u003c\/p\u003e \u003cp\u003eIndex 231\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTATIANA KOFFMAN\u003c\/b\u003e is a recognized thought leader and speaker in finance and technology, an angel investor, author, and curator of the weekly newsletter MythOfMoney.com. Her work has been featured in \u003ci\u003eForbes\u003c\/i\u003e, CoinDesk, CNBC, and \u003ci\u003eThe Economist\u003c\/i\u003e. She is a General Partner at the digital assets investment firm Moonwalker Capital.   \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eMyth of Money: Breaking Out of the Failing Financial System\u003c\/i\u003e, celebrated finance and crypto thought leader Tatiana Koffman delivers an engaging and informative discussion about the future of the financial industry, money, and economics. The author explains how you and other investors can devise a new path forward and avoid being left behind as the financial world undergoes tectonic shifts in organization and structure. \u003c\/p\u003e\u003cp\u003eIn the book, you’ll learn what underpins the contemporary systems of banking and finance, including the concept of fractional reserves, as well as how you can navigate tricky and stressful questions like whether we’re facing another housing crisis or why interest rates keep rising and what you can do about it. You’ll also deepen your understanding of money, economics, and technology, as well as how they’re all interconnected in the modern marketplace. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eMyth of Money\u003c\/i\u003e untangles many of the intentionally overcomplicated and needlessly complex realities of contemporary finance, simplifying its concepts without losing important nuance and utility. You’ll rediscover economic concepts and become able to relate them to your everyday life and investing behaviors. \u003c\/p\u003e\u003cp\u003eEach chapter of the book contains a combination of personal anecdotes, almost unbelievable (but true!) facts about the worlds of finance, cryptocurrency, and investing, excerpts from Koffman’s most popular written work, an easy-to-follow technical explanation of the subject, and the latest context—and what we can learn from it—that helps you put the information in perspective. \u003c\/p\u003e\u003cp\u003eAn indispensable guidebook to the rapidly evolving ecosystem where technology, crypto, finance, investing, and economics collide, \u003ci\u003eMyth of Money \u003c\/i\u003ewill earn a place on the bookshelves of everyone interested in a better understanding of money and its place in the world.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003csmall\u003ePRAISE FOR\u003c\/small\u003e MYTH OF MONEY\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“\u003ci\u003eMyth of Money\u003c\/i\u003e is an adrenaline-filled and insightful journey into how our modern global financial system works (or doesn’t), and how bitcoin could reduce wars and be the ultimate store-of-value for the internet generation. This would have been way more helpful than my economics textbooks.”\u003cbr\u003e \u003cb\u003e—CHRIS PAN,\u003c\/b\u003e Social Entrepreneur and Ohio State University Commencement Speaker \u003c\/p\u003e\u003cp\u003e“Koffman has written a profound and impactful book that sheds light on the hidden truths of our financial systems. Her work is both intelligent and necessary.”\u003cbr\u003e \u003cb\u003e—HON. JERRY S. GRAFSTEIN, KC,\u003c\/b\u003e Former Senator of Canada \u003c\/p\u003e\u003cp\u003e“Koffman’s \u003ci\u003eMyth of Money\u003c\/i\u003e defies an easy description. It is at once a well-researched, and provocative treatise on the past, present and future of money and also a deeply personal memoir of someone who defied the odds to rise to the top of her field. Those who wish to gain a deeper understanding of our next economic and financial frontier should read \u003ci\u003eMyth of Money\u003c\/i\u003e. An engaging, and highly readable book!”\u003cbr\u003e \u003cb\u003e—ALEX TAPSCOTT,\u003c\/b\u003e Bestselling Author of \u003ci\u003eBlockchain Revolution\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e“A rare blend of storytelling and economic theory, Koffman’s book challenges the status quo and offers new possibilities for the future of money. This book is required reading for anyone interested in the future of the global economy.”\u003cbr\u003e \u003cb\u003e—BRETT LEVE,\u003c\/b\u003e Founder, Summit \u003c\/p\u003e\u003cp\u003e“Koffman’s exploration of the financial world is both enlightening and deeply personal. Her ability to blend economic analysis with her hard-earned life lessons makes this book a must-read.”\u003cbr\u003e \u003cb\u003e—JAY ROSENZWEIG,\u003c\/b\u003e Investor, CEO of Rosenzweig \u0026amp; Company\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989667758309,"sku":"NP9781394226863","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781394226863.jpg?v=1761785027","url":"https:\/\/k12savings.com\/products\/myth-of-money-isbn-9781394226863","provider":"K12savings","version":"1.0","type":"link"}