Amortization to Zombie Banks: Talking about Money and What It Really Means

The language of money can seem impossible to comprehend, but it’s important to understand how the economy and financial world is working—or not. John Lanchester explains in simple terms how world of finance really works and defines words and phrases like “AAA rating,” “amortization,” “yield curve,” and “zombie bank.” He also explains what GDP is, how hedge funds work, what the World Bank does, and the basics everyone should know about credit, debt, equity, and inflation. He’s the author of the new book How to Speak Money: What the Money People Say—And What It Really Means..