Our money is broken, and the sooner we wrap our minds around the implications, the better. In Broken Money, Lyn Alden, a lucid writer and gifted teacher, offers a highly readable grand tour of monetary history: she explains the emergence of money, what makes a good or bad money, how money gradually became more and more "abstracted" away from gold, and how the modern fiat financial system evolved. Most importantly, she explains, clearly, how inflation, purposely designed into the modern system, is used as a wealth extraction tool: "...the financial system in its current form is designed in such a way that 1) the money supply continually inflates, 2) purchasing power is gradually siphoned away from savers and toward arbitrageurs who sit near the source of money creation, 3) the system rewards large and well connected entities at the cost of small and poorly connected entities, 4) liabilities gradually shift from the private sector to the public sector to keep the system f...