Keynes’ Economic Consequences of the Peace and Europe Today
Looking at the euro crisis today, I get the feeling that translating Keynes’ classic work for this contemporary crisis might be interesting. Keynes predicted that there would be hell to pay for extracting the pound of flesh from Germany, which lacked the capacity to pay its reparations. Germany produced a monster, but one who was effectively able to channel the anger which had welled up in the country. How will the present European anger play out?