J.M. Keynes and the Personal Politics of Reparations: Part 2

The second part of this article shows that John Maynard Keynes worked closely with the German Finance and Foreign ministries as a supposed neutral expert in October 1922. He supported passive resistance to the French in the Ruhr without regard to its effects on the currency, secretly collaborated in writing the German reparations note of June 1923, and then praised his own work in a weekly that he controlled. Keynes opposed the 1929 Young Plan that re-scheduled the German debt and declined to accept modern thinking on overcoming the transfer problem.