The Washington Post of October 24th took the British Government to task for its economic policy and says that sooner or later - "perhaps before the decline in the British demand for imports harms other countries" = a more effective and humane alternative to deflation will be found. The accounts of industrial wrest that is following in the wake of Labour's deflation bear a disturbing resemblance to the events of 1925-26 when Winston Churchill then Chancellor of the Exchequer, returned Britain to the gold standard at the p parity", the newspaper says in a leading article. An effort to validate that decision by reducing wage rates led to a disastrous general strike."
The WeekThe Week Vol. 6, No. 15, 27 October 1966
"washington Post" Compares 1966 with 1926
The scan: The Week v6 no15.pdf (PDF, Marxists Internet Archive, opens at this page)
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