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Shock Values: Prices and Inflation in American Democracy
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How inflation and deflation fears shape American democracy.
Many foundational moments in American economic history-the establishment of paper money, wartime price controls, the rise of the modern Federal Reserve-occurred during financial panics as prices either inflated or deflated sharply. The government's decisions in these moments, intended to control price fluctuations, have produced both lasting effects and some of the most contentious debates in the nation's history.
A sweeping history ...
Many foundational moments in American economic history-the establishment of paper money, wartime price controls, the rise of the modern Federal Reserve-occurred during financial panics as prices either inflated or deflated sharply. The government's decisions in these moments, intended to control price fluctuations, have produced both lasting effects and some of the most contentious debates in the nation's history.
A sweeping history ...
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