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Public and private expenditure are not the same in their financial and economic effects. There is a very important difference between your expenditur… - Enoch Powell
" "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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About Enoch Powell
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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Alternative Names:
J. Enoch Powell
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John Enoch Powell
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Additional quotes by Enoch Powell
It would be different if there were some great widespread public indignation and demand: "Away with the prescriptive upper house of Parliament". There is not. There was recently carried out by Mr. McKenzie and a colleague of his a survey of working-class political attitudes called Angels in Marble. They found that "only one-third of the entire working class sample, and only a slightly higher proportion of Labour voters, favoured abolishing the Lords or altering it in any way…About a third of the whole sample" of working-class voters in the country "see the Lords as an intrinsic part of the national tradition or of the government of the country." As so often, the ordinary rank and file of the electorate have seen a truth, an important fact, which has escaped so many more clever people—the underlying value of that which is traditional, of that which is prescriptive.
I believe a second factor which has weighed heavily in this matter is the attitude, or supposed attitude, of the United States. I confess that I am not greatly moved by this. Whatever may be the attitude of the American Government and public to the United Kingdom as such, my view of American policy over the last decade has been that it has been steadily and relentlessly directed towards the weakening and the destruction of the links which bind the British Empire together. [Cyril Osborne: "No!"] We can watch the events as they unfold and place our own interpretation on them. My interpretation is that the United States has for this country, considered separately, a very considerable economic and strategic use but that she sees little or no strategic use or economic value in the British Empire or the British Commonwealth as it has existed and as it still exists. Against the background I ask the House to consider the evidence of advancing American imperialism in this area from which they are helping to eliminate us.
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