The Little Book of Economics: How the Economy Works in the Real World -- Copyright -- Contents -- Foreword -- Introduction -- Chapter One: The Secrets of Success -- A Recipe for Economic Growth -- Take a Growing Population -- Add Capital -- Season with Ideas -- Nurturing Growth -- Into the Weeds -- Will the United States Become the Next Japan? -- Chapter Two: Economic Bungee Jumping -- Not Your Father's Business Cycle -- Ringing the Gong -- When the Bungee Cord Breaks -- Chapter Three: In-Flight Monitor -- The Four Engines of the Economy -- The Mapmakers -- How to Make Astrologers Look Prescient -- Chapter Four: Labor Pains -- Say It Ain't So -- Diving into the Employment Petri Dish -- Payday -- Unemployment, Naturally -- Into the Weeds -- The Job Market of Tomorrow -- Chapter Five: Fire and Ice -- From Cigarettes to Aztecs -- Blame It on the Money Supply -- The Other Side of the Story: Mind the Gap and Your Mind -- Even Worse than Inflation -- The People's Choice -- Into the Weeds -- Chapter Six: Drop the Puck! -- A Gravitational Pull from Afar -- It's Complicated -- A Question of Balances: Trade Deficits and Surpluses -- Meet Mr. Smoot and Mr. Hawley -- Into the Weeds -- Chapter Seven: All the World's an ATM -- Financing Deficits and More -- The American Dollar: The World's Problem -- Into the Weeds -- Chapter Eight: The Price of Economic Freedom -- What Drives Exchange Rates -- Exchange Rate Regimes -- The Euro -- Into the Weeds -- Chapter Nine: All the President's Men -- The Company Presidents Keep -- The Long Arms of the Law -- Chapter Ten: The Buck Starts Here -- Spandex Money -- Who's in Charge? -- Chapter Eleven: White Smoke over the Washington Mall -- Inside the FOMC Meeting -- Punch Bowls and Ham Sandwiches -- Fedspeak -- Into the Weeds, Conventionally -- Into the Weeds, Unconventionally -- When Monetary Policy Stops Working.

Chapter Twelve: When the World Needs a Fireman -- A Rude Awakening -- Could the Fed Go Broke? -- Into the Weeds -- Lender to the World -- Chapter Thirteen: The Elephant in the Economy -- What the Government Giveth -- What the Government Taketh Away -- In Search of a Better Tax System -- Into the Weeds -- Chapter Fourteen: Good Debt, Bad Debt -- Three's a Crowd -- Stimulus versus Austerity, the Great Debate -- Debt Traps and Debt Crises -- Could It Happen Here? -- Into the Weeds -- The Hidden National Debt -- Chapter Fifteen: Love-Hate Relationship -- Where Have You Gone, George Bailey? -- Capital Markets -- The Teenage Boys of Finance -- A Species of Neuralgia -- Acknowledgments -- About the Author.