The Economic Consequences of the Peace
The Economic Consequences of the Peace
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In our eReader you can find the full English version of the book. Read The Economic Consequences of the Peace Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Economic Consequences of the Peace
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The further elaboration of these ideas, however, must be left to Chapter VIL, and we must return to Paris. I have described the entanglements which Mr. Lloyd George took with him. The po- sition of the Finance Ministers of the other Allies was even worse. We in Great Britain had not based our financial arrangements on any expecta- tion of an indemnity. Receipts from such a source would have been more or less in the nature of a windfall; and, in spite of subsequent developments.
Digitized byLjOO...QlC REPARATION 149 there was an expectation at that time of balancing our budget by normal methods. Bnt this was not the case with France or Italy. Their peace budg- ets made no pretense of balancing and had no prospects of doing so, without some far-reaching revision of the existing policy. Indeed, the posi- tion was and remains nearly hopeless. These countries were heading for national bankruptcy.
This fact could only be concealed by holding out the expectation of vast receipts from the enemy.
What to read after The Economic Consequences of the Peace?
You can find similar books in the "Read Also" column, or choose other free books by Keynes John Maynard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The further elaboration of these ideas, however, must be left to Chapter VIL, and we must return to Paris. I have described the entanglements which Mr. Lloyd George took with him. The po- sition of the Finance Ministers of the other Allies was even worse. We in Great Britain had not based our financial arrangements on any expecta- tion of an indemnity. Receipts from such a source would have been more or less in the nature of a windfall; and, in spite of subsequent developments.
Digitized byLjOO...QlC REPARATION 149 there was an expectation at that time of balancing our budget by normal methods. Bnt this was not the case with France or Italy. Their peace budg- ets made no pretense of balancing and had no prospects of doing so, without some far-reaching revision of the existing policy. Indeed, the posi- tion was and remains nearly hopeless. These countries were heading for national bankruptcy.
This fact could only be concealed by holding out the expectation of vast receipts from the enemy.
What to read after The Economic Consequences of the Peace?
You can find similar books in the "Read Also" column, or choose other free books by Keynes John Maynard to read onlineMoreLess
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