We cannot see much value in Mr. Lloyd George's suggestion
to the Liberal Summer School at Cambridge, that he " would impose no limit to an understanding " with the United States so long as there is an under- standing. If this means anything (and Mr. Maynard Keynes, who is as sharp as most of us, seemed to doubt it) it means that we only ask the United States to tell us their intentions and we shall not criticize them. There would be no need for a President to call a Conference for that purpose. There is less sense in this than in Lord Grey's recent advice to go ahead without regard to the United States if we cannot agree with them. So far as it is possible to disregard the States we are willing to go ahead in frank and friendly disagreement, but we cannot think that Lord Grey believes that the world can. advance very far nowadays without any regard to them.
