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Adnan Seric, Deborah Winkler The ‘Roaring Twenties’ was a decade (approximately 1921–29) of growing prosperity in the Western world, alimented by deferred spending, a boom in construction, and the rapid expansion of consumer goods, such as automobiles and electric home appliances. These factors materialised on the back of WWI devastation and, crucially, the N1H1 ‘Spanish Flu’ pandemic. As such, several pundits, journalists, commentators, and academics have been drawing parallels with that historical period, suggesting the post-Coronavirus recovery could be characterised by an economic boom, as illustrated in a recent cover story of The Economist. In this column, I review the evidence in favour and against a reiteration of the ‘Roaring Twenties’ in the 2020s, in order to draw policy lessons from the past.

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