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...we must recognise that the greatest threat to the cohesion of our society today is the still increasing rate of inflation. ... We are approaching a new threshold...which is a rate with which hardly any democratic system in the world has so far survived. ... No country can accept this rate of inflation for more than a very short period. ... Its effects will be unfair, divisive, unsettling and in the last resort destructive. ... No one will be able to plan ahead. The country will not for long put up with it. If we cannot solve it by tolerable and civilized methods, then someone within a few years will solve it by intolerable and uncivilized ones. (en) |
