Economic Advisory Council

Press, Volume CII, Issue 30045, 1 February 1963, Page 3

Economic Advisory Council

Sir, —This extract from Paul Einzig’s “Appeasement Before, During and After the War” should provide a due for the Economic Advisory Council: ‘To give the devil his due, it must be admitted that under the Nazi regime Germany succeeded in increasing her production to a truly remarkable degree. Had it not been for Hitler’s determination to rearm, such expansion of production would have resulted in an unprecedented improvement in the standard of living in Germany. Had Hitler and Goering not preferred guns to butter, the millions spent on rearmament could have been spent on the improvement of housing conditions and the increase of consumption goods available for the population. This would haive been possible with the aid of the planned economy and expansionary monetary system introduced by the Nazi regime without affecting the country’s capacity to export and import Germany could easily have become one of the most prosperous countries even in the complete absence of any special or economic concessions by Great Britain for the purpose of appeasement”—Yours, etc..

W. B. BRAY. Leeston. January 31, 1963.