
The Great Crack-Up, Then and Now
May 4, 2018 reviews four books examining the global disorder following World War I, and draws parallels to today.
Sheri Berman is Professor of Political Science at Barnard College, Columbia University. She is the author of The Primacy of Politics: Social Democracy and the Making of Europe’s Twentieth Century, The Social Democratic Moment: Ideas and Politics in the Making of Interwar Europe, and the forthcoming Democracy and Dictatorship in Europe: from the Ancien Regime to the Present Day.
May 4, 2018 reviews four books examining the global disorder following World War I, and draws parallels to today.
Huge fiscal and monetary stimulus programs have sparked a growing debate about whether advanced economies may sooner or later experience the sort of rapid price growth last seen a generation ago. While stimulus advocates point to current weak demand and the public’s deeply ingrained low-inflation expectations, anxious hawks fear that a new and dangerous global inflationary consensus may be taking hold.