"Since the war we had produced a quarter more goods and services—and paid ourselves 80 per cent more money for doing it. That is why there is too much demand—too much spending power—and you will not stop that by fixing prices. What we have got to do is to stop pumping money in, or only pump it in at the same rate as the extra production we succeed in turning out."
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Prime Ministers of the United KingdomPoliticians from EnglandAcademics from the United KingdomPeople from LondonAutobiographers from the United Kingdom
Original Language: English
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Broadcast (25 February 1956), quoted in 'Mr. Macmillan's Appeal', The Times (27 February 1956), p. 3
https://en.wikiquote.org/wiki/Harold_Macmillan
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Harold Macmillan
1957 – 1963
Maurice Harold Macmillan, 1st Earl of Stockton OM PC (10 February 1894 – 29 December 1986) was a British Conservative politician and publisher who served six years as Prime Minister (1957–1963). As Prime Minister, he worked to decolonize the British Empire in Africa and repair United Kingdom–United States relations after the Suez Crisis. He also led the Conservative Party to accept the post-war consensus of Keynesian economics and the welfare state. However, he was forced to resign by the Profum
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