An accessible, thoroughly engaging look at how the economy really works and its role in your everyday life Not surprisingly, regular people suddenly are paying a lot closer attention to the economy than ever before. But economics, with its weird technical jargon and knotty concepts and formulas can be a very difficult subject to get to grips with on your own. Enter Greg Ip and his Little Book of Economics . Like a patient, good-natured tutor, Greg, one of today's most respected economics journalists, walks you through everything you need to know about how the economy works. Short on technical jargon and long on clear, concise, plain-English explanations of important terms, concepts, events, historical figures and major players, this revised and updated edition of Greg's bestselling guide clues you in on what's really going on, what it means to you and what we should be demanding our policymakers do about the economy going forward. From inflation to the Federal Reserve, taxes to the budget deficit, you get indispensible insights into everything that really matters about economics and its impact on everyday life Special sections featuring additional resources of every subject discussed and where to find additional information to help you learn more about an issue and keep track of ongoing developments Offers priceless insights into the roots of America's economic crisis and its aftermath, especially the role played by excessive greed and risk-taking, and what can be done to avoid another economic cataclysm Digs into globalization, the roots of the Euro crisis, the sources of China's spectacular growth, and why the gap between the economy's winners and losers keeps widening
Foreword xiii Introduction xix Chapter One The Secrets of Success 1 Chapter Two Economic Bungee Jumping 25 Chapter Three In-Flight Monitor 37 Chapter Four Labor Pains 53 Chapter Five Fire and Ice 71 Chapter Six Drop the Puck! 93 Chapter Seven All the World's an ATM 111 Chapter Eight The Price of Economic Freedom 123 Chapter Nine All the President's Men 141 Chapter Ten The Buck Starts Here 155 Chapter Eleven White Smoke over the Washington Mall 167 Chapter Twelve When the World Needs a Fireman 187 Chapter Thirteen The Elephant in the Economy 201 Chapter Fourteen Good Debt, Bad Debt 219 Chapter Fifteen Love-Hate Relationship 237 Acknowledgments 257 About the Author 259
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