This book provides a historical account of the current economic experience. The current financial crisis is the most severe economic crisis that most of today’s students and practitioners of economics have experienced. For many years to come, the current economic experience will be a case study in macroeconomic theory and policy making. Given the profound nature of the current economic crises, research and analysis pertaining to today’s economic woes will remain relevant for generations to come. This book will serve as a historical record of what has become a global financial crisis, and is therefore likely to be relevant for many years to come.