From: Mike Lorrey (mlorrey@datamann.com)
Date: Wed Apr 10 2002 - 10:17:20 MDT
dwayne wrote:
>
> Mike Lorrey wrote:
> >
> > I think you are assuming that there was some sort of rivalry between the
> > US and Britain in the postwar period. This isn't so, the US assumed
> > control of a lot of British assets as a matter of Britain paying off its
> > Lend/Lease, wartime, and reconstruction debts, all of which was agreed
> > to years before by Roosevelt and Churchill.
>
> I'd love to hear the British perspective on this.
> My understanding is that Keynes bitterly opposed the american terms during the
> post war repayment negotiations, as he realised it would bankrupt britain and
> collapse the empire. But I got this from a review of Keyne's works, as opposed
> to reading those works themselves.
And how many decades has it been since Keynes wasn't considered an
idiot? Hayek (Keynes primary rival) has proven him wrong for quite a
while now.
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