Amartya Sen: The economic consequences of austerity

``Why did Keynes dislike a treaty that ended the state of war between Germany and the Allied Powers (surely a good thing)? Keynes was not, of course, complaining about the end of the world war, nor about the need for a treaty to end it, but about the terms of the treaty -- and in particular the suffering and the economic turmoil forced on the defeated enemy, the Germans, through imposed austerity''