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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, 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.
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).
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What struck me at the League was the prestige in which our Government and our Prime Minister are held. What has struck hon. Members who have listened to this Debate is the fact that public opinion in the dictator countries has conceived a profound admiration for our Prime Minister and our country. Our country, therefore, is the country which is in a priceless position for securing the future of peace...It seems to me that we have two choices either to settle our differences with Germany by consultation, or to face the inevitability of a clash between the two systems of democracy and dictatorship. In considering this, I must emphatically give my opinion as one of the younger generation. War settles nothing, and I see no alternative to the policy upon which the Prime Minister has so courageously set himself—the construction of peace, with the aid which I have described. There is no other country which can achieve this, and I ask hon. and right hon. Gentlemen opposite sincerely to believe that in our efforts to understand, to consult with and, if possible, to get friendship with Germany, we do not abandon by one jot or tittle the democratic beliefs which are the very core of our whole being and system. In conclusion, I must gratify the right hon. Gentleman the Member for Wakefield by quoting Shakespeare. The right hon. Gentleman will remember the little poem "Under the Greenwood Tree"—"Here shall he see" "No enemy," "But winter and rough weather". We have the winter before us, and we have a great deal of political rough weather, but in that rough weather, do not let us forget the joint idea of peace which animates us all.
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I do not believe that unless you can persuade parents that the family should still remain the unit in which discipline is applied, you will never get a conquest of the crime wave. ... We have created a better and happier state from the material point of view, but, at the same time, there is no doubt that the younger generation, especially just before leaving school, and between the ages of 17 and 19, are much more unruly than is right in a modern, civilized society.