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Thursday, 13 September 1973
Page: 1028

This is a panic measure. Mr Whitlam did not want it at the start of the week. He was bullied into it by his Caucus. There has been no proper government assessment in the fomulation of the policy. It is ad hoc and ill-conceived.

Mr Whitlamcould be tackling inflation by now if he had adopted the measures suggested by me months ago and endorsed by State Liberal leaders. 1 have called for a temporary prices and income freeze and the ' development of a co-operative prices and incomes policy.

Because of its trade union domination Labor cannot face politically an incomes policy which is an essential and obvious accompaniment to a prices policy if inflation as serious as ours is to be controlled. No other country in the world has thought of prices control without incomes control. Until there is control of incomes maximums as well as prices maximums, these measures will be a sham, conceivable by an Australian Labor Party.

Question resolved in the affirmative.

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