John Maynard Keynes, the economist, resigned in 1918 from the Allied team imposing crippling reparations on Germany, warning that deliberately impoverishing a country would encourage extreme political movements that might provoke a second world war. The leaders of Germany and France run similar risks today, writes Nicholas Wapshot, the author of “‘Keynes Hayek: The Clash That Defined Modern Economics,” in a post on The International Herald Tribune’s Rendezvous blog. Read more »

Article source: http://feeds.nytimes.com/click.phdo?i=c680aab11bc9275dece4573c8162e60f