§ But to-day we have moved on. To-day the situation is in many respects the exact reverse. The danger now is lest too much money should run after too few goods. Hence, if I may here interpolate, the great importance of the National Savings Movement. I would wish to pay my tribute here, not for the first time, to all those who have contributed and are still contributing to the success of the National Savings Movement, to the 600,000 volun- 1877 tary workers in that movement all over the country, and to those who have led and organised this movement and inspired it through difficult years. Here I would mention what can only be a few names chosen out of many, among others Lord Kindersley, Lord Alness—who has done so much in Scotland—Lord Mottistone, Harold Mackintosh, Mr. George Gibson, ex-Chairman of the General Council of the Trade Union Congress, and Mr. Harold Parkinson—[Interruption]—and the Noble Viscount, who gave Swanage a chance to show what it could do, even against the grain of aristocratic misguidance
§ Having apportioned this well-deserved praise, let me add that by far the best defence against inflation in present conditions is large and continuous saving by all sections of our people. Later, I hope that this need will gradually become less urgent, as production expands and develops. But to-day, and for some years to come, it remains an imperative duty on each of us, whatever the size of our income, whatever our occupation, to save all that we can and lend it to the Government. I would add that price controls are also essential. Strong price controls must be retained and enforced, and, if need be, must be strengthened and extended. Our aim is that purchasing power and productive power should always march in step. Otherwise we shall fall into one or other of the twin evils of deflation or inflation.