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Certainly, the reparation written into the treaty of Versailles were a recipe for Economic disaster. The winners must have thought that sucking the economic lifeblood out of Germany would keep its military might down in the long run. How little imagination they had! They didn't realize that they were leaving Germany no option but to become a war economy. Hitler did preside over a miraculous economic recovery fuelled by militarization.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Fri Nov 11th, 2005 at 10:46:28 AM EST
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