Keynes on Inflation. Excerpts from The Economic Consequences of the Peace by John Maynard Keynes, 1919. pp. 235-248. Keynes is often viewed as an economist who tolerated and supported mild.
The Treaty of Versailles caused Europe to endure a period of economic and political instability in the 1920s and early 1930s. John Maynard Keynes, a young British economist, was among the earliest and most outspoken critics of the treaty. In 1920, Keynes published a book entitled The Economic Consequences of the Peace. In this work, Keynes.