I was born a Tory. Define: a Tory is a person who regards authority as immanent in institutions. I had always been, as far back as I could remember i… - Enoch Powell

The monetary belief, or the monetary myth, upon which a whole generation has been reared—that an injection of money into the system is the automatic cure for unemployment—has collapsed in the face of the experience of the past four or five years.

The whole basis and justification of the resort to statutory control of wages and prices was that the exorbitant demands and monopoly powers of the trade unions were the cause of the rate of inflation with which we were afflicted. Never, not even in pantomime, has the demon king been so speedily whipped back into the wings. His place is now occupied by what is called world prices. World prices, we are assured, are the principal if not the sole cause of the continuing inflation and the justification therefore for the continuance of a statutory policy to control in detail prices, wages, dividends, and the rest... But what has that to do with inflation? Prices change relatively to one another whether there is inflation or not. Changes in the economic world reflect themselves in real, that is relative, changes in prices. But a relative change in prices, even of a group of requirements so important as those which this country habitually imports, is not the same as inflation, and it does not cause inflation.

[I see no reason to depart from my view] that at some point along the line of growth, absolute and proportionate, of the Commonwealth population in London and the other English cities affected, there lies the certainty of violence on a scale which can only be adequately described as civil war.