Systems Thinking Through: The Volcker Shock

It’s been a while since I posted something, I’ve been procrastinating because I knew I wanted to cover the Volcker Shock. It’s far-reaching effects make it a good candidate for a systems map, maybe even too good in a way. Its causes and effects are so multifaceted it’s hard to know what to include/exclude.

Paul Volcker was the Fed Chairman during the Carter, and Reagan administration. The Volcker Shock was his attempt to defeat inflation that the US economy had been unable to shake in the previous decade. It was successful in its objective but it took…