The Economic Consequences of the Peace

«A policy of reducing Germany to servitude for a generation, of degrading the lives of millions of human beings, and of depriving a whole nation of happiness should be abhorrent and detestable—abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilized life of Europe . . . . Nations are not authorized, by religion or by natural morals to visit on the children of their enemies the misdoings of parents or rulers».

J. M. Keynes

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