How Britain Fights Inflation

Crowther, Geoffrey
January 1942
New Republic;1/19/42, Vol. 106 Issue 3, p74
Focuses on the efforts of preventing the problem of inflation in Great Britain during the Second World War. Comparison between the problem of inflation in Britain during the First World War and the Second War; Discussion of three main methods by which the central problem of war economics is solved; Attention in Great Britain concentrated on the financial method in the early months of the war; Realization that financial method by itself could not solve the problem led to the chief financial weapon, taxation; Significance of imposing development of the physical method to fill the gap left by the limitations of the financial method; Mention of the legal enactments which give the government the power to fix prices.


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