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There is evidence that some time within the last few months both [the U.S. and Britain] came to the conclusion that it was safe to maintain conventional armaments at present levels or even on a reduced basis because the progress on the nuclear weapon side had become almost fantastic in its potentiality.
Briefly, the concept is that Soviet Russia not only will not venture to start a big war but will restrain her allies, including Red China, from doing so.
As information about the potential power of the new weapons becomes available to all governments, the probability of a conflict is reduced almost to the vanishing point.