Books, Arts & Manners: Dangers All Around

The Coming Soviet Crash: Gorbachev’s Desperate Pursuit of Credit in Western Financial Markets, by Judy Shelton (Free Press, 246 pp., $22.50)

Anyone looking for a Soviet version of Paul Erdman’s nailbiters will be disappointed with this book. For the “crash” of its title is more likely to be only the continuation of the slow economic slide that has been under way in the Soviet Union since the mid 1970s, replete with suppressed inflation and massive budget deficits.

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Ed Rubenstein

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The Coming Soviet Crash: Gorbachev’s Desperate Pursuit of Credit in Western Financial Markets, by Judy Shelton (Free Press, 246 pp., $22.50)

Anyone looking for a Soviet version of Paul Erdman’s nailbiters will be disappointed with this book. For the “crash” of its title is more likely to be only the continuation of the slow economic slide that has been under way in the Soviet Union since the mid 1970s, replete with suppressed inflation and massive budget deficits.