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December 15, 2008   VOL. LX, NO. 23

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Our Deflated Future?
Although inflation has been America’s main economic problem for the entire post-war era, a number of economists think deflation is the biggest threat now. This is a measure of how severe the economic crisis has become in recent months. By John Steele Gordon

ARTICLES


Our Deflated Future?by John Steele Gordon
Probably not

The Big Three’s Big Threeby Stephen Spruiell
Severance, pensions, and health benefit

Wrong Roadby Samuel R. Staley
On transportation, some folks don’t stop thinking about yesterday

Sarko’s Biteby Andrew Stuttaford
The French president turns out to be French

Oogedy-Boogedy in Pinstripesby Kevin D. Williamson
Feel like blaming someone for the market crash?

Washington, P.C.by John J. Miller
The new Capitol Visitor Center has a shaky grasp of history

Scapegoating the Social Rightby Ramesh Ponnuru
A fact-free distraction

In Search of the Afghan Malikiby Amir Taheri
The U.S. should focus on its own interests

Go Forward to Goldby Lewis E. Lehrman
How to lift the reserve-currency curse

     BOOKS, ARTS & MANNERS


The Old New DealConrad Black . . . Traitor to His Class: The Privileged Life and Radical Presidency of Franklin Delano Roosevelt, by H. W. Brands

Left BehindClaire Berlinski . . . Left in Dark Times: A Stand Against the New Barbarism, by Bernard-Henri Lévy

The Epic of FinanceAllan Meltzer . . . The Ascent of Money: A Financial History of the World, by Niall Ferguson

Politics in the RoundKevin D. Williamson . . . American Rifle: A Biography, by Alexander Rose

Film: Under Done — Ross Douthat reviews Australia.

City Life: As Dreams Are Made On — Richard Brookhiser extracts old from new.

SECTIONS


Letters
The Week
The Bent Pin
Help!
The Long View
Poetry
Happy Warrior


COVER: Daniel Cox/Oxford Scientific/Jupiter

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