The first part of John Maynard Keynes’ 1919 book “The Economic Consequences of the Peace” attempts to remind the victors of WWI that the economies of Europe were deeply intertwined and especially driven by the economic powerhouse that was pre-War Germany. In doing so, he makes it clear that a “Carthaginian Peace” is unwise. He … More Interdependence is a Bitch: The WWI Lesson of Precarity Not Learned (Keynes 3)