My Lords, this afternoon we are debating a subject on which, as the very distinguished speeches which have already been made by representatives of the three parties demonstrate, there is considerable conflict of view. I am an humble cross-bencher and my thoughts on this subject do not run completely on the lines which have been adopted either by the distinguished speaker for the Government or the distinguished speaker for the Opposition. Perhaps I may be permitted in all candour to discuss the position as it presents itself to an isolated individual with no party affiliation, but one who has spent a considerable part of his life considering these questions of the overall equilibrium or disequilibrium of the economy.
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