Last week Chancellor of the Exchequer Sir Stafford Cripps walked into the House of Commons and presented his first budget. He was a brisk and confident man, for passage of ERP in the U.S. Congress helped him meet Britain's most pressing economic problem—the shortage of dollars. But how to check inflation? And how to induce people to work harder when there was still too little in British shops to buy? Cripps was characteristically clear and crisp. M.P.s did not like all he said, but they enjoyed the performance. When Cripps had finished his 2¼-hour speech, Winston Churchill (who had listened...
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