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Freedom of speech is a central tenet of the American way of life that is tested and fought over seemingly every day. Curiously, people who follow and study free speech issues assume that controversies and litigation about free speech began abruptly during World War I. The surprising research in this original book reveals that this conventional view is incorrect, and that the previously unknown history of free speech between the Civil War and World War I is rich and varied. For instance, the author shows that important free speech controversies, often involving the activities of sex reformers...

This book's central theme is that a policymaker's role is to enhance the public's ability to coordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit or explicit inflation target is met. Granato and Wong argue that inflation persistence is reduced when the public substitutes the prespecified inflation target for past inflation. A by-product of this co-ordination process is greater economic stability. In particular, inflation stability contributes to greater...