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The Little Book of Economics: How the Economy Works in the Real World, Revised and Updated by Greg Ip

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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

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 ...

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