Hernán Díaz’ masterful novel “Loyalty” is the blockbuster of the season, the film adaptation with Kate Winslet is already in the bag. It’s about money, power, fictions and their cross sum: our world.
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Felix Stephen
Inflation is a good example: a few percent less purchasing power is unpleasant, but it is probably manageable for large parts of the German population. Inflation only becomes economically dangerous when the idea that general impoverishment is imminent spreads. That’s when people pay attention to their money, spend less, companies turn over less, profits fall, jobs are cut and suddenly a recession looms. Not only the actual economic situation plays a role, but also a collective idea of the future, an idea, a fiction.