"He writes about the decade before the war:—"Foreign policy ('rearmament') and social services ('the dole') were competitive claims on a straitened national output." Surely, with 2,000,000 unemployed the output could easily have been expanded to satisfy both claims. It was not; because we believed in "thrift" and transferred this conception derived from individual economy to that of the nation, in which it is apt to turn into sheer nonsense. Further, in the "thrifty" view of national economy production for export is a virtue, but for self-consumption it is, at the best, excusable. This led us into a second absurdity. If we produced material for armaments and exported them, say, to Germany (and they were financed by city loans on which the Germans duly defaulted) "classical economists" beamed with pleasure over our "roaring exports." But had anyone suggested using these materials for the rearmament of this country he would have been decried as a "spendthrift militarist.""
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Diplomats of the United KingdomAnglicans from the United KingdomHistorians from the United KingdomZionists
Original Language: English
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Letter to The Times (23 November 1943), p. 5
https://en.wikiquote.org/wiki/Lewis_Namier
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Lewis Namier
Sir Lewis Bernstein Namier (27 June 1888 – 19 August 1960) was a British historian of Polish-Jewish background. His best-known works were The Structure of Politics at the Accession of George III (1929), England in the Age of the American Revolution (1930) and the History of Parliament series (begun 1940) he edited later in his life with John Brooke.
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