Shock Value tells the untold story of prices and price stabilisation in the United States, 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 American’s history. Shock Values reveals how the American state and been shaped by a massive, ever-evolving effort to insulate its economy from the real and perceived … Continue reading Central Banks could bring about price stability