Overview

“Few people can communicate how the economy actually works better than Kyla Scanlon.”—Morgan Housel, author of The Psychology of Money An illustrated guide to the mad math and terrible terminology of economics, from one of the internet’s favorite financial educators Is our national debt really a threat? What is a “mild” recession, exactly? If you’re worried about your bank account balance, job security, or mortgage rate, what data should you be keeping tabs on?  For anyone trying to make sense of disorienting headlines, there’s no better interpreter than Kyla Scanlon. Through her trademark blend of witty illustrations, creative analogies, and insights from behavioral economics, literature, and philosophy, Scanlon breaks down everything you need to know about how money and markets really work. This indispensable handbook reveals the hidden forces driving key economic outcomes, the most common myths to steer clear of, and the dusty, outdated assumptions that constrain our political imagination, offering a bold new path to building a prosperous society that works for everyone.

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9780593727874

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Reviews

“Kyla’s singular style is approachable, witty, and endlessly informative, helping readers decipher everything from the labor force to housing to what Jay Powell’s thinking.”—Kai Ryssdal, host of NPR’s Marketplace “Kyla is a master at explaining even the most complex and arcane subjects with verve, wit and creativity—whether it’s the mechanics of the US debt ceiling, the ‘vibecession’ or the nuances of meme investing. We’re lucky we have Kyla around to show us how it all works.”—Tracy Alloway, Bloomberg journalist and co-host of the Odd Lots podcast

Author Information

Kyla Scanlon is an economic commentator and Bloomberg contributor who specializes in human-centric analysis that demystifies the complex. She started her career as a car salesperson before becoming an associate at Capital Group, conducting macroeconomic analysis and modeling investment strategies.

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