PREFACE
The Economic Consequences of the Peace, which Ipublished in December 1919, has been reprinted fromtime to time without revision or correction. So muchhas come to our knowledge since then, that a revisededition of that book would be out of place. I havethought it better, therefore, to leave it unaltered, andto collect together in this Sequel the corrections andadditions which the flow of events makes necessary,together with my reflections on the present facts.
But this book is strictly what it represents itselfto be—a Sequel ; I might almost have said anAppendix . I have nothing very new to say on thefundamental issues. Some of the Remedies which Iproposed two years ago are now everybody's common-places, and I have nothing startling to add to them.My object is a strictly limited one, namely, to providefacts and materials for an intelligent review of theReparation Problem, as it now is.
" The great thing about this wood," said M.Clemenceau of his pine forest in La Vendue, " isthat, here, there is not the slightest chance of meet-ing Lloyd George or President Wilson . Nothing,here, but the squirrels." I wish that I could claimthe same advantages for this book.