Thursday, November 21, 2024 Text is available under the CC BY-SA 3.0 licence.

Denis Healey

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Faced with the difficulties of unilateral reflation some socialists are tempted to seek salvation through trade restrictions or competitive devaluation. But such beggar-my-neighbour policies, if pursued on the scale required...are more likely to lead to a trade and currency war than to insulate their sponsors from the recession in the outside world.

 
Denis Healey

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