Part II: The Pivot
Chapter 3: The Shock
When Paul Volcker raised interest rates to 19%, he knew exactly which Americans would pay the price. This is the story of Youngstown, Ohio, and the deliberate calculation that broke the industrial heartland.
Part II: The Pivot
When Paul Volcker raised interest rates to 19%, he knew exactly which Americans would pay the price. This is the story of Youngstown, Ohio, and the deliberate calculation that broke the industrial heartland.

Introduction
Rebuilding Aristocracy