A comprehensive historical account of the monetary and fiscal policies of the United States, written by one of the world's most renowned economists, Alan Blinder. The book covers a period of 60 years, spanning 12 presidents and 8 Federal Reserve chairs. It delves into the significant developments and long-term changes in monetary and fiscal policy, and how they have interacted during recessions and long booms. It covers the stagflation of the 1970s, the victory over inflation under Carter and Volcker, the emergence of Reaganomics, and the financial bubbles of the 2000s. The book also covers the most recent events such as the financial crisis, the Great Recession, and monetary policy during COVID-19. It is written in a lively and concise narrative style and is intended to be a valuable resource for understanding the economy's past and potential future.