The Economic Consequences of Mr. Churchill |
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American coal arguments Baldwin Bank of England bank rate Belgium Board of Trade bondholders borrow Brazil Churchill Clearing Banks Coal Industry coal miners competitive level consequence cost of living credit restriction dear money deflation deliberately intensifying unemployment economic pressure effect embargo on foreign export industries fact force down money foreign investments fundamental adjustments gold prices abroad Gold Standard Government Gulf Stream high rate index numbers inevitable influenza international value labour last June level of wages loans London Money Market long run lower wages monetary policy money values money wages Money-wages must fall movement Nevertheless partly policy of improving power over British pre-war raise the value reduce wages reduction of money reduction of money-wages reduction of wages remedy restoration of gold restrict credit restriction of credit sheltered industries sterling money sterling prices Trade Union leaders Treasury Committee troubles United value of money value of sterling weaker whilst York