Binder's "Shock Values" Named WSJ Top 10 Book of 2024
.webp)
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.
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.
Economic Dynamism
Automated Detection of Emotion in Central Bank Communication: A Warning
Can LLMs help us better understand the role of emotion in central bank communication?
Defending Technological Dynamism & the Freedom to Innovate in the Age of AI
Human flourishing, economic growth, and geopolitical resilience requires innovation—especially in artificial intelligence.
Firm Investment and the User Cost of Capital: New U.S. Corporate Tax Reform Evidence
This working paper analyzes the Tax Cuts and Jobs Act of 2017 to examine how corporate tax reform impacts rates of investment.
It’s Not Easy, but We Can All Learn to Think like Adam Smith
To truly understand what a dynamic economy requires, we would do well to recover the 18th-century sensibility that understood dynamism as a social and cultural phenomenon as much as an economic one.
.webp)
Escape From New York
With Mamdani rising in New York, Texas can now offer New York’s leading businesses a package deal: relocate to Texas and list on the TXSE. Call it the Texas Two-Step.
Exploring the Future of Latin America and US Relations
The authors examine the promises and perils of the Trump administration and the new governments in Latin America, and look forward to a renewed dialogue with U.S.-based scholars at this moment of opportunity.
