The Breakfast Club meets One Day in Floored, a unique collaborative novel by seven bestselling and award-winning YA authors: Sara Barnard, Holly Bourne, Tanya Byrne, Non Pratt, Melinda Salisbury, Lisa Williamson and Eleanor Wood. When they got in the lift that morning, they were strangers. Sasha, who is at the UK's biggest TV centre desperately trying to deliver a parcel; Hugo, who knows he's by far the richest – and best-looking – guy in the lift; Velvet, who regrets wearing the world's least comfortable shoes to work experience; Dawson, who isn't the good-looking teen star he was and desperate not to be recognized; Kaitlyn, who's slowly losing her sight but won't admit it, and Joe, who shouldn't be there at all, but who wants to be there the most. And one more person, who will bring them together again on the same day every year . . .

In October 2008, as the U.S. economy plunged, the Federal Reserve began paying interest on banks' reserve balances. The resulting switch to a "floor system" of monetary control, in which changes in the interest rate on reserves, rather than reserve creation or destruction, became the Fed's chief tool for influencing economic activity, was to have far-reaching consequences--almost all of them regrettable. Besides intensifying the downturn by causing banks to hoard reserves, the floor system all but destroyed the market for unsecured interbank loans that had been banks' ordinary "first resort" source of last-minute liquidity. By depriving the Fed's asset purchases of the ability to stimulate investment and spending, it also compelled the Fed to compensate by purchasing assets on an unprecedented scale. All of this resulted in a substantial increase in the Fed's role in allocating scarce credit. Finally, by severing the ordinary connection between the stance of monetary policy and the extent of the Fed's asset holdings, the floor system risks turning the Fed's balance sheet into a fiscal-policy playground. Floored! offers a matchless account of our post-crisis monetary system's history and shortcomings.