Acknowledgments
Introduction

I. Blowing Bubbles

     Boom Without End
     A Precarious Dollar
     Ill-designed for Soft Landing
     A New Era
     Record Trade Deficits
     The Fed, the Fed, the Fed
     The Mighty Dollar
     On the Horns of a Dilemma
     Blaming the Fed
     Gold Is Shining Again
     The Perils of Deflation
     Potential Dollar Scenarios
     There Is a Market Rate of Interest
     Miraculous Growth of Money
     Inflation or Deflation?

II. The Love of Spending

The Budget Surpluses
Tax-cut Talk
A Pyramid of Debt
The Love of Spending
Deficits Do Matter
Deep in Debt, Caught in a Net
Incomes Are Falling
Exporting American Jobs

III. Foreign Maladies

IMF Bailouts
Japanese Malaise
Globalization under Fire
The Asian Crisis
A New Kind of War
Whither the Euro?
Enmity in the Middle East
Turmoil in Argentina
A Visit to Russia
The German Affliction
At War with Iraq
Rebuilding the Iraqi Economy
Economic Doctrines of Islam

IV. Modes of Conduct

Index