Book Nook Message Board - Msg: 15713252

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To: JF Quinnelly who wrote (207)	4/24/2001 11:33:56 PM
From: Ilaine	Read Replies (2) of 443

I haven't started Keyne's Economic Consequences of the Peace yet, but his Tract on Monetary Reform is very good. Keynes gets a bad rap, and bad raps always make me want to take the other side. The US went into World War II with the intention of setting up something like Bretton Woods, and was engaged in drafting documents that would eventually lead to Bretton Woods long before it actually happened. Keynes was right, right, right about the consequences of the Treaty of Versailles. He was right, right, right that the way Britain went back on the gold standard wasn't going to work. He helped put together something that did work pretty well for a relatively long time. I don't really see any evidence that it isn't working today, just that there are problems, which are inevitable.

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