Inflation
Sir: A great deal has been said and written about the frightening state of inflation under which we exist and the dangerous consequences which loom in the immediate future.
I should have thought that our so-called politicians and statesmen should address their minds to a few basic and urgent possibilities: 1. A vast reduction in profligate government spending of such magnitude that it would make them squeal. 2. Leadership of such calibre that the people of this country could be parsuaded to increase their output to a marked degree. • 3. A modification in the demands and attitudes of the trade unions leaders and members.
4. A curtailment of the supply of money in circulation.
think that No 1 is by far the most important as a start. I seem to remember that only a few weeks ago we borrowed millions from the Shah of Persia at commercial rates and immediately lent money to a country in Africa on almost a charitable basis.
Unquestionably we shall have to face hardship, but this is inevitable if we are to survive. Sadly our governments have promised too much for too long and they must change their tune. If only we could realise the financial plight we are in we might be persuaded to act in a more responsible manner.
15 Hyde Gardens, Eastbourne
Cecil Sir:
The vast inflationary spree Of '72 and '73 Leads to more In '74 But to a dive In '75. L. A. Partridge 72 Eastfield Avenue, Bath.
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