"Perhaps the most insidious danger today is the notion, which many accept unreflectingly and others propagate sedulously, that a stable value of money is incompatible with economic progress or with a high level of employment. Theory and experience alike refute such a notion. I have already reminded you that throughout sixty years of Britain's golden age of expansion in every sphere, the value of money remained virtually constant. So far from it being true that inflation and a high level of employment hang together, the fact is that, for a nation in Britain's situation, dependent on world trade and commercial dealings with other countries for its livelihood, continued inflation is the greatest threat to full employment. It would be a tragedy if the Government or the nation allowed themselves to be diverted by these false fears from the single-minded pursuit of plain and elementary duty: the duty to secure and preserve the integrity and stability of the medium of exchange, on which depend all the economic dealings of man with man."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Members of the Parliament of the United KingdomPolitical leadersPoets from EnglandPeople from BirminghamAnglicans from the United Kingdom
Original Language: English
Available Languages (1)
Sources
Speech in Halifax (13 December 1957), quoted in A Nation Not Afraid: The Thinking of Enoch Powell (1965), p. 115
https://en.wikiquote.org/wiki/Enoch_Powell
Revision History
No revisions have been submitted for this quote.
Categories
Enoch Powell
politician, linguist, poet
1912 – 1998 · United Kingdom
John Enoch Powell (16 June 1912 – 8 February 1998) was a British politician, classical scholar, author, linguist, soldier, philologist, and poet. He served as a Conservative Member of Parliament (1950–1974), then Ulster Unionist Party (UUP) MP (1974–1987), and was Minister of Health (1960–1963).
352 quotes on TrueQuotesView all quotes by Enoch Powell →
Related Quotes
"Some problems are unavoidable. Some evils can be coped with to a certain extent, but not prevented. But that a nation…"
"Once you go nuclear at all, you go nuclear for good; and you know it. Here is the parting of the ways, for from this …"
"I find in my constituency in the last few weeks an ominous deterioration, which is taking the form not of discriminat…"
"Often when I am kneeling down in church, I think to myself how much we should thank God, the Holy Ghost for the gift …"
"He talks so fascinatingly on history, architecture and many subjects that politics seldom came up, but I should be di…"
"There is a sense of hopelessness and helplessness which comes over persons who are trapped or imprisoned, when all th…"
"She is becoming afraid to go out. Windows are broken. She finds excreta pushed through her letterbox. When she goes t…"
"As I look ahead, I am filled with foreboding. Like the Roman, I seem to see "the River Tiber foaming with much blood.""
"Integration of races of totally disparate origins and culture is one of the great myths of our time. It has never wor…"
"It is advertising that enthrones the customer as king. This infuriates the socialist...[it is] the crossing of the bo…"