
December 15, 2008 VOL. LX, NO. 23
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COVER STORY
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
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ARTICLES


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BOOKS, ARTS & MANNERS


The Old New Deal — Conrad Black . . . Traitor to His Class: The Privileged Life and Radical Presidency of Franklin Delano Roosevelt, by H. W. Brands
Left Behind — Claire Berlinski . . . Left in Dark Times: A Stand Against the New Barbarism, by Bernard-Henri Lévy
The Epic of Finance — Allan Meltzer . . . The Ascent of Money: A Financial History of the World, by Niall Ferguson
Politics in the Round — Kevin 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.
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