Niall Ferguson talked about it in "High Financier: the Life and Times of Siegmund Warburg" and it caught me by surprise. Mr. Ferguson suggests that since reparations were such a small percentage of GDP that the common (at the time as now) perception that they were overwhelming was much more psychological than economic.
Niall Ferguson talked about it in "High Financier: the Life and Times of Siegmund Warburg" and it caught me by surprise. Mr. Ferguson suggests that since reparations were such a small percentage of GDP that the common (at the time as now) perception that they were overwhelming was much more psychological than economic.
https://www.scribd.com/audiobook/237595717/High-Financier-The-Lives-and-Time-of-Siegmund-Warburg
Thanks again for the post!