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If we continue to use industrial resources for other purposes – defence, housing, etc. – thus preventing the diversion of resources to export work, t… - Rab Butler
" "If we continue to use industrial resources for other purposes – defence, housing, etc. – thus preventing the diversion of resources to export work, the [exchange] rate will continue to fall. ... the basic idea of internal stability of prices and employment, which had dominated economic policy for so long will not be maintainable. It will not be possible to maintain stable internal prices and wages; it will not be possible to avoid unemployment. There will be a continuous process of change and readjustment and much of this will be painful.
English
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About Rab Butler
Richard Austen Butler, Baron Butler of Saffron Walden, KG, CH, DL, PC (9 December 1902 – 8 March 1982), also known as R. A. Butler, was a British Conservative politician. Butler was passed over twice as a potential Prime Minister, but did serve in the other three Great Offices of State (Chancellor of the Exchequer, Home Secretary and Foreign Secretary).
Also Known As
Alternative Names:
Richard Austen Butler
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R. A. Butler
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Additional quotes by Rab Butler
We must understand that no party in the country can with success base itself on or identify itself with one social element or class. To be successful we have still to reorganize from top to bottom the social structure on which our party rests. We agree that in the modern world great extremes of poverty and wealth shall be replaced by an infinite variety of plenty.
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