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Shock ValuesONE OF THE WALL STREET JOURNAL'S 10 BEST BOOKS OF 2024 How inflation and deflation fears shape American democracy. Many foundational moments in American economic historythe establishment of paper money, wartime price controls, the rise of the modern Federal Reserveoccurred 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
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Shock Values
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