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Shock Values
Prices and Inflation in American Democracy
Buch von Carola Binder
Sprache: Englisch

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Beschreibung
"How inflation fears shaped American society, then and now. For most of its history, the United States has benefited from price stability-a steady relationship between supply and demand, characterized by prices that don't inflate or deflate in unpredictable fashion. Across these long stretches, the US economy became famously free-market: prices did the job of stabilizing the economy so the government didn't have to. In this sweeping and revelatory history of American economy and democracy, Carola Conces Binder shows that American price-stability is no accident. From its colonial origins to today, the American state has been designed for, and continues to be shaped by, an unlimited effort to insulate the economy from the dangers of price fluctuations. Binder narrates an American history in which inflationary anxiety has informed everything from the reluctant establishment of paper money to the rise of the modern Federal Reserve as an omniscient actor in public policy. At every step, and with each historical brush with monetary instability, the US has been reinvented as a response to its most recent failings. Shock Values is the epochal history of the US as a monetary state. Binder recounts both the monetary interests at the dawn of the Republic; its decades-long experiments with price controls; the outsize role of agriculture and industry in its monetary apparatus; and how the rise of the all-powerful Federal Reserve was born out of crisis more than anything else. Expansive and erudite, Shock Values is a watershed telling of an old history: how American union's pledge to be more perfect was drawn along monetary lines. It is not to be missed"--
"How inflation fears shaped American society, then and now. For most of its history, the United States has benefited from price stability-a steady relationship between supply and demand, characterized by prices that don't inflate or deflate in unpredictable fashion. Across these long stretches, the US economy became famously free-market: prices did the job of stabilizing the economy so the government didn't have to. In this sweeping and revelatory history of American economy and democracy, Carola Conces Binder shows that American price-stability is no accident. From its colonial origins to today, the American state has been designed for, and continues to be shaped by, an unlimited effort to insulate the economy from the dangers of price fluctuations. Binder narrates an American history in which inflationary anxiety has informed everything from the reluctant establishment of paper money to the rise of the modern Federal Reserve as an omniscient actor in public policy. At every step, and with each historical brush with monetary instability, the US has been reinvented as a response to its most recent failings. Shock Values is the epochal history of the US as a monetary state. Binder recounts both the monetary interests at the dawn of the Republic; its decades-long experiments with price controls; the outsize role of agriculture and industry in its monetary apparatus; and how the rise of the all-powerful Federal Reserve was born out of crisis more than anything else. Expansive and erudite, Shock Values is a watershed telling of an old history: how American union's pledge to be more perfect was drawn along monetary lines. It is not to be missed"--
Über den Autor
Carola Binder is associate professor of economics at Haverford College. Her work has been featured in the New York Times, Wall Street Journal, and NPR. She tweets at [...]
Details
Erscheinungsjahr: 2024
Genre: Geschichte
Rubrik: Geisteswissenschaften
Medium: Buch
ISBN-13: 9780226833095
ISBN-10: 0226833097
Sprache: Englisch
Einband: Gebunden
Autor: Binder, Carola
Hersteller: The University of Chicago Press
Maße: 234 x 159 x 25 mm
Von/Mit: Carola Binder
Erscheinungsdatum: 22.05.2024
Gewicht: 0,618 kg
Artikel-ID: 127773962
Über den Autor
Carola Binder is associate professor of economics at Haverford College. Her work has been featured in the New York Times, Wall Street Journal, and NPR. She tweets at [...]
Details
Erscheinungsjahr: 2024
Genre: Geschichte
Rubrik: Geisteswissenschaften
Medium: Buch
ISBN-13: 9780226833095
ISBN-10: 0226833097
Sprache: Englisch
Einband: Gebunden
Autor: Binder, Carola
Hersteller: The University of Chicago Press
Maße: 234 x 159 x 25 mm
Von/Mit: Carola Binder
Erscheinungsdatum: 22.05.2024
Gewicht: 0,618 kg
Artikel-ID: 127773962
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