“Could my right hon. Friend explain why the increase in oil prices is deflationary but the increase in all other international prices has apparently been inflationary?”

—  Enoch Powell

Question http://hansard.millbanksystems.com/commons/1974/feb/06/industrial-and-economic-situation#column_1232 to the Chancellor of the Exchequer Anthony Barber in the House of Commons (6 February 1974)
1970s

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Enoch Powell 155
British politician 1912–1998

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