Books like The Match King — picked by fans

I found this book to be not only an astonishing story of outright fraud and theft, but one which raises unexpected questions about the nature and function of money.

A confidence trickster managed to persuade the eminent banknote printing company Waterlow to reprint and give him a large stock of Bank of Portugal escudo banknotes, which he proceeded to spend.

Learning how the scam was uncovered is fascinating in itself, but even more intriguing is the question of who lost from this scam, and by how much. 

I have always wondered whether John Law, the creator of the ill-fated Mississippi System that brought the financial system of France to its knees in 1720, a genius who understood money better than anyone before him, or a deluded fantasist who had learnt just enough to create a monetary weapon of mass destruction?

In his careful and well-researched account, Antoin Murphy leans towards the first interpretation, but he offers enough information to allow the reader to form their own conclusions.

I was an eye-witness as every single one of the banks serving the Irish economy effectively failed during the crisis of 2008-10.

Some were bailed out by their foreign shareholders, some by the Irish Government, which in turn had to be bailed out by the IMF and European Union. Worst of all, by a long distance, was Anglo Irish Bank, whose buccaneering executives lent billions to over-optimistic property developers, distorting economic activity and luring the other banks into unwise lending also.

Eventually, their desperate last-ditch attempts to save the bank and its shareholders led top management into illegal share support activities. Simon Carswell captures well the social dynamics involved.

Davies’ Lying For Money lays out a taxonomy of fraud, illustrated with amazing stories of real-life frauds.

Per Davies: “A long firm makes you question whether you can trust anyone. A counterfeit makes you question the evidence of your eyes. A control fraud makes you question your trust in the institutions of society and a market crime makes you question society itself.”

Davies’ key trick to spotting a fraud: look at something that’s growing unusually quickly, and examine it in some way it hasn’t been examined before.

Only the second chapter is about cryptocurrency specifically, but understanding how frauds think is fabulously useful in understanding how crypto works. Not even crypto’s frauds are new.

Davies used different stories in the UK and US editions of the book – so get both.

The first half of this book is a deep immersion into the shockingly bleak living conditions of 1930s working-class families in the impoverished industrial north of England, then in the grip of the Great Depression. As an Irish person – and given the historic nature of the relationship between the two countries, in which Britain has always been the dominant and powerful one – it was genuinely eye-opening to me to understand how hard life was for ordinary English people.

Orwell’s writing was undertaken from the vantage point of his own experience. He spent months living with families in Lancashire and Yorkshire, and his descriptions of their lives are detailed and very vivid. The second half is an essay about the development of his own political conscience – interesting, but not essential in the way the first half is. 

Every Father’s Day, someone or the other on my social media feed will post Robert Hayden’s wonderful poem “Those Winter Sundays.” The poem takes me back not only to the many acts of kindness and unheralded small sacrifices that my father made but also to the ambition and the anxiety of Seepersad Naipaul on behalf of his son away at Oxford and starting in life as a writer, a writer who later in life will win the Nobel Prize.

The poignant part of this drama is the father’s own ambition and anxiety about making it as a writer. It doesn’t happen. Instead, the son receives a telegram with some terrible news. He sends his family a telegram in return: “= HE WAS THE BEST MAN I KNEW STOP EVERYTHING I OWE TO HIM BE BRAVE MY LOVES TRUST ME = VIDO”

Ribuffo could have portrayed his subjects—three mid-century Christian fundamentalists—as social or cultural misfits. Instead, he made a powerful case that these men—and others like them— were a product of the American mainstream. First published in the 1980s, when the so-called new Christian right was in its ascendancy, the book encouraged readers to check any temptation they might have felt to dismiss Protestant fundamentalists as political outliers who would disappear of their own accord. Generous almost to a fault, Ribuffo gave me plenty of advice during my own research to avoid any suggestion that there was anything un-American about fascist sympathies in the interwar years. 

The author is a sociologist who rode the rails, on and off, alongside homeless youth in the early 1930s. He did not disguise himself or pretend to be “one of them.” Instead, he chronicled their stories in oral histories that are intimate and thorough depictions of how young men and women existed on the road, what was important to them, what they yearned for, how they protected themselves, and each other. As a sociologist and chronicler of groups within society, the author remained true to his obligations as an academic not to glorify, white-wash, or romanticize what he saw. As a result, the experiential dimensions of this book are incredibly robust and meaningful.

I love this poetic chronicle of three generations of an Iowa farm family, making a go of it for 125 years on the same farm, dating from the great-grandfather, a Civil War veteran, arriving for the first time on a newly-purchased farm. 

The lives of these folks and their neighbors were shaped by two world wars and the Great Depression, thriving through faith, love, self-reliance, and community.

Barbara Small’s novel is about the interwoven lives of a Black family and a White family facing the challenges of surviving while raising their children in the Jim Crow South during the Great Depression.

The vivid language and sense details of Faith’s Reckoning transported me completely into the very different worlds the characters experienced in this riveting page-turner. What I loved most was how they transformed their suffering into a desire to improve the worlds they inhabited, not only for themselves but also others. The personal reckonings they made by changing their lives evoked a depth of empathy that has changed me.

These characters continue to stay in my heart, and like friends I cherish them still. In fact, I hope to see a sequel and a movie one day!