Mr. Keynes' Solution

John Maynard Keynes, celebrated economist and author of The Economic Consequences of the Peace, wrote a letter to The Times, London. He proposed to tear up all the correspondence between Britain and France and start again as follows:

If France would agree

1) To evacuate the Ruhr;

2) To fix the nominal German liability at fifty milliard gold marks (50,000,000,000).

3) To allow the rate at which this liability is discharged to be determined by a Committee of the Reparation Commission on which would sit an American representative with a vote...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!