The Economy
Sir, —In my unpublished reply to Professor Philpott I did not say he advocated “chronic and massive unemployment.” I said that what he did advocate, the re placement of “impart control ... by a flat-rate tariff on all imports,” would have that effect due to the weakness of the New Zealand economy. A “flat-rate tariff,” unless it was very high indeed, would not keep the number of cars imported from rising, thereby worsening the balance of payments and requiring either more loans or more squeeze. The same can be said of television sets and many other items. As for there being a “right level” of unemployment, in a recent letter to me, the British economist, Sir Roy Harrod, attacked unemployment as “morally wrong and economically absurd.” The right to earn a living is one of the most fundamental of human rights, without which human dignity and self-respect are impossible.—Yours, etc., MARK D. SADLER. February 4, 1968.
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Press, Volume CVIII, Issue 31595, 5 February 1968, Page 12
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157The Economy Press, Volume CVIII, Issue 31595, 5 February 1968, Page 12
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