We are a capitalist party. We believe in capitalism. When we look at the astonishing material achievements of the West, at our own high and rising ph… - Enoch Powell

Our present experience and our present predicament was foreseen and forecast in principle. It was exactly what we had seen happen before. It was exactly what had led us to renounce the very course of action upon which we subsequently entered. We are, therefore, obliged not to seek an escape by accusing external events, such as the movement of forces and prices in the outside world, for the crisis with which we have to deal. More important still, we are freed from the danger of supposing that either we or the country at large are the victims of the perversity of a group of our fellow citizens... It is salutary to be reminded that it is an impasse which was always implicit in the course of statutory control of prices and wages upon which we engaged. When we renounced that course we did not do so merely as a contrast to a voluntary prices and wages policy. The accent was not specially upon the word statutory or compulsory. We renounced it because our whole conception of the cause and, therefore, the cure of the scourge of inflation was such that the attempt to regulate individual prices and wages, either by compulsion or by agreement, was irrelevant. In a sense, we have the grim satisfaction of seeing the realisation and verification of what we ourselves predicted.

It depends on how you define the word "racialist." If you mean being conscious of the differences between men and nations, and from that, races, then we are all racialists. However, if you mean a man who despises a human being because he belongs to another race, or a man who believes that one race is inherently superior to another, then the answer is emphatically "No."

In order for all prices to rise—in other words, in order for the value of money to fall—it is necessary, it is elementary, that the supply of money, whatever precisely is meant by that, or whatever precise measurement is applied to it, should be increasing relative to the supply of goods and services; and since the supply of goods and services, however unsatisfactory we might find its growth, is certainly not diminishing, we are clearly confronted with the effective consequences of a growth in the money supply. Indeed, in a modern economy, long-term inflation—that which we have experienced in the past and of which we are experiencing an acute phase at the moment—can be explained or accounted for only in terms of the rate of increase of the money supply.