Time Line ix
Introduction: Opening the Spigot 1(16)
PART I RISE OF THE ALCHEMISTS, 1656-2006
One Johan Palmstruch and the Birth of Central Banking
17(9)
Two Lombard Street, Rule Britannia, and Bagehot's Dictum
26(9)
Three The First Name Club
35(12)
Four Madness, Nightmare, Desperation, Chaos: When Central Banking Goes Wrong, in Two Acts
47(15)
Five The Anguish of Arthur Burns
62(10)
Six Spinning the Roulette Wheel in Maastricht
72(12)
Seven Masaru Hayami, Tomato Ketchup, and the Agony of ZIRP
84(9)
Eight The Jackson Hole Consensus and the Great Moderation
93(18)
PART II PANIC, 2007-2008
Nine The Committee of Three
111(14)
Ten Over by Christmas
125(19)
Eleven A Wall of Money
144(25)
PART III AFTERMATH, 2009-2010
Twelve The Battle for the Fed
169(32)
Thirteen The New Greek Odyssey
201(32)
Fourteen The King's Speech
233(21)
Fifteen The Perilous Maiden Voyage of the QE2
254(29)
PART IV THE SECOND WAVE, 2011-2012
Sixteen The Chopper, the Troika, and the Deauville Debacle
283(23)
Seventeen The President of Europe
306(21)
Eighteen Escape Velocity
327(14)
Nineteen Super Mario World
341(19)
Twenty Governor Zhou's Chinese Medicine
360(17)
Afterword: Back to Jackson 377(14)
Acknowledgments 391(4)
A Note on Sources 395(4)
Notes 399(18)
Index 417