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Following the global financial stress and downturn of 2007-2009, you don't need to be leader or a hedge fund manager to know that "It's the economy, ridiculous." Yet as the economy dominates the news, how it works and who affects it remain a mystery to many people. In The Little Booklet of Economics, Greg Ip, an award-winning journalist renowned to make complex economics easy to comprehend, strolls you through the way the economy really works. You'll learn:

How mindset and the Government Reserve drive business cycles
• How a financial crisis can change a downturn into a unhappiness
• The surprising ramifications of fertility rates, attorneys, and ideas on financial growth
• Whether the United States faces a lost ten years like Japan do in the 1990s
• The causes of inflation, how it destabilizes culture, and why deflation is even worse
• How government debts will often help end a downturn but, other times, bring on disaster-and how to tell the difference
• The symptoms of financial crises and why they often take place in election years
• What continues on inside the Government Reserve, what it does when interest levels are zero, and why its power to printing money has made it the world's financial fireman

You can't understand the American current economic climate without knowing the growing influence of the rest of the world. So The Little Booklet of Economics digs into globalization, how it made America's mortgage turmoil possible, how it's exploited by China to spur development, and how it creates the United States richer even while it widens the distance between winners and losers. One side-effect of the deepest financial downturn because the Great Depression is that it has ignited a brand new desire among people and investors to raised understand the current economic climate.