[T]o reduce the rate of inflation in an economy from something like 10 per cent. to any figure which we would dare to regard as tolerable, cannot but… - Enoch Powell
" "[T]o reduce the rate of inflation in an economy from something like 10 per cent. to any figure which we would dare to regard as tolerable, cannot but be accompanied by severe stresses, one of which will be an increase in unemployment. That does not derive from the method by which it is done. It derives from the fact that it is done.
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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"All men", said Aristotle, "by nature desire to know." The pursuit of truth, the effort to comprehend, arrange, interpret some aspect or other of the universe we perceive, is an activity of humanity which justifies, rewards and motivates itself. The study of something for its own sake, for the sake of knowing, understanding, grasping it and for nothing else, is an essential characteristic of education, lower or higher, though more obviously of higher education. The content of education must therefore be that which men would wish to know for its own sake.
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[T]o the extent that collective bargaining does succeed in distorting costs, it must rank among the obstacles to improvement in the standard of living of the British worker; and the more effective it is, the greater the obstacle. The British industrial worker today works longer hours for less real wages than his counterpart in West Germany, and that will soon be true, if it is not already, of his counterparts in a number of other European countries. This is not because the British trade unions are not strong enough, any more than it is because the monopolies and restrictive practices among buyers and sellers of goods and services are not tight enough. It is because industrial effort is being more efficiently used elsewhere than here. This is what gives the immediacy and urgency to this whole question of the trade unions. The people of this country cannot afford to allow themselves the luxury of practices and habits, however encrusted with sentiment and benevolent superstition, which place obstacles in the way of more efficient use of our resources.