The Conduct of the Credit Base Condemned

Lord Robbins
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Lord Robbins: The London School of Economics

Chapter 13 in Against Inflation, 1979, pp 65-69 from Palgrave Macmillan

Abstract: Abstract My Lords, the noble Lord, Lord Beswick, has announced that he will not ask his Party to divide against this Second Reading. If his decision had been otherwise, I confess that I should have gone into the Government Lobby. I should have gone into the Government Lobby, however, in a somewhat Laodicean frame of mind. I should go in not because I think in principle and in the long run statutory control of incomes is the best way of managing that sort of thing. On the contrary, I still hold the view that if aggregate national spending is held more or less commensurate with the increase in the value of the product then freely negotiated contracts are better.

Keywords: Price Control; Money Stock; Breathing Space; Credit Creation; Garden Suburb (search for similar items in EconPapers)
Date: 1979
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DOI: 10.1007/978-1-349-04478-8_13

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