Post-pandemic “Post-war”: The Warnings for the Near Future from a Distant Past

Abstract

Present-day developments after (or, still through) Pandemics, are metaphorically confronted with the “Post-war” experience of one century ago in the 1920s, following World War One. The considerations center on the critical developments of Public Debt, inflated by the needs of exceptional Finance during the occurrence of major crises. How can the dramatic experiences, as suffered in some greater European Nations at that time, be better avoided in the coming, “Post-Covid” era? Although Pandemics and World War remain singular and incomparable events in the history, monetary expansion and Debt entanglement are a common implication; awareness of past experiences should help as guidance in the perilous passages of Policy facing Europe.