§ 58. Mr. Stokesasked the Chancellor of the Exchequer whether he will in future have recourse to the creation of new money without interest instead of adding to the volume of bank advances to the Treasury as this would be no more inflationary and would cost the country less.
§ Sir J. AndersonNo, Sir.
§ Mr. StokesWill the Chancellor explain why it is preferable in the national interest to create new money with interest rather than create new money without?
§ Sir J. AndersonMy hon. Friend knows very well that I do not accept his monetary theories. He really cannot expect me to argue the matter with him at Question time.