Britain’s Economy
Sir,—ln every sentence in your editorial .survey of Britain’s economy contains references to fears, failures or warnings which together are evidence of the bankruptcy of ideas in high places and suggest that the blind are trying to lead the blind. The ideas being sedulously plugged by the self elected pundits are that money is an end in itself instead of means to an end, that employment is an end in itself. Nowhere is there any evidence that any Government has stated its definite policy in plain terms that everyone can understand and agree with, such as, “The delivery of all the goods and services desired as and when required and with the least effort to anyone.” The last clause rules out full employment Labour, in relation to total quantity of output, is the least item in cost, while money is costless in spite of Mr Hoiyoake’s belief to the contrary.—Yours, etc., W. B. BRAY, Leeston, July 13. 1961.
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Press, Volume C, Issue 29567, 17 July 1961, Page 3
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160Britain’s Economy Press, Volume C, Issue 29567, 17 July 1961, Page 3
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