USA: Swedish sociologist Gunnar Myrdal, Nobel Prize winner, speaks about in inflation.

Record ID: 1063479

  • Title: USA: Swedish sociologist Gunnar Myrdal, Nobel Prize winner, speaks about in inflation.
  • Date: 1st October 1974
  • Summary: 1. GV ZOOM MV - Myrdal at press conference, sitting at head of table speaking 21 ft 2. GV (CUTAWAY) - journalists around table 23 ft 3. MV - Myrdal 41 ft "What i really damaging inflation is the expectations, the anticipations, - all of you here are anticipating that a year from now prices are going to be so much higher - and this is an influence on (INDISTINCT) - this is the driving force in inflation, is the anticipation, and what you have to do is change the anticipation - we can only do it by all of us coming together and saying 'we stop this nonsense' - where we get higher incomes and prices are rising - well, we just come together and say we are going to stop this, you see what I mean - if you want to make it simple. The world is up to very dangerous things - I'm nevertheless not a defeatist, because I've kept from youth of course this idea that books mean something - that the words and thoughts mean something, you see what I mean - because otherwise, for Lord's sake, why should I sit here and work the whole day, instead of having a nice time with wine and women, you know what I mean. What's the whole purpose of my life if I did not basically believe that it is possible to change the world?" Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 15th October 1974 13:00
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  • Location: USA
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  • Country: USA
  • Reuters ID: LVA7SYIGG33P2MDWG79Z0MGTVRJB
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  • Copyright Holder: REUTERS - SOURCE TO BE VERIFIED
  • Copyright Notice: (c) Copyright Thomson Reuters 2014. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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