"Public and private expenditure are not the same in their financial and economic effects. There is a very important difference between your expenditure and mine and the Government's expenditure. If you and I intend to spend but find we have not enough money, we have no choice but to think better of it. Not so the Government; if they are short, they can either make you and me pay more in taxation, or else they can actually create additional money... For politicians to increase public expenditure is easy and sweet; to refrain from increasing it, let alone to reduce it, is hard and uncomfortable. Thus it is that government intentions to spend get carried through, irrespective of whether this results in money being created faster than goods and services—irrespective, in other words, of the inflation which ensues. That is why Lord Cromer was perfectly right in saying that a high level of public expenditure causes inflation."
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Members of the Parliament of the United KingdomPolitical leadersPoets from EnglandPeople from BirminghamAnglicans from the United Kingdom
Original Language: English
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Speech in Westbury-on-Trim (26 February 1965), quoted in A Nation Not Afraid: The Thinking of Enoch Powell (1965), p. 116
https://en.wikiquote.org/wiki/Enoch_Powell
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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).
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