INFLATION OF MONEY.
“MILD DOSE MIGHT HELP.” In the House of Commons Mr C. Brown (Mansfield) moved the Labour party’s amendment to refuse a second reading to the Finance Bill, on the ground that it suspended the land value tax, reimposed the tea duty, and cleared the way for new duties on staple foods. Sir Robert Home said that raising the sterling prices of goods was vitally important to enable us to realise the Budget estimates. It was going to be a very close thing between the survival and the decline of civilisation. So long as we controlled it, he feared no evil consequences from a little inflation at the present juncture. The world was waiting for Britain’s lead. Mr L. S. Amery said that the policy of the Bank of England must be reversed. We must depart from a financial tradition which had nearly ruined us.
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Manawatu Standard, Volume LII, Issue 143, 19 May 1932, Page 8
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147INFLATION OF MONEY. Manawatu Standard, Volume LII, Issue 143, 19 May 1932, Page 8
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