Civitas Outlook
Dec 7, 2024
Carola Binder
Binder's "Shock Values" Named WSJ Top 10 Book of 2024
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Summary
Shock Values: Prices and Inflation in American Democracy by Civitas Senior Fellow Carola Binder was named to The Wall Street Journal's 10 best books of 2024 list.
Listen to this article
Read an excerpt from James Grant's review of Shock Values:
"Inflation is always and everywhere a monetary phenomenon,” according to Milton Friedman. Rises in price levels bedevil politicians but are frequently driven by political decisions. Carola Binder’s book ranges from the colonial era to today, chronicling Americans’ many attempts to outsmart inflation. She makes few judgments on policy but gives voice to critics whose ideas, in an age of high deficits, should be heard.
Continue reading the entire article at The Wall Street Journal (paywall).
Carola Binder is a senior fellow at the Civitas Institute. A macroeconomist and economic historian, her research focuses on monetary policy and inflation expectations in the U.S. economy.
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