An Insolvent National Health Service

Dear Miss Kirby

Your report in the Western Morning News on the 8th of June, concerning an insolvent National Health Service, inspired me to write to my MP, to explain how the Tories should offer to correct the parlous state of health finance. What needs to be known and is not known, is the fact that when the State takes on board responsibility for paying, for the Nation's Health, the State must have a reliable mechanism by which to increase the money supply.

Medical science is not stagnant, it is a dynamic activity, constantly striving to advance in its battle against disease. That means there must be vast increases in the money supply, because modern technology gets more and more expensive.

Notice that it is an increase in the money supply, that is required, not an increase in taxation.

When new money is needed to finance an essential National asset, upon which prosperity depends, then that new money cannot cause inflation, when spent wisely and well for that express purpose. The health of the Nation is the most valuable asset possessed by the nation. Health therefore demands the creation of new money as needed and Government should have the sole right to create and issue new money.

At present all new money is created and issued by private banks as credit. That practice causes national disaster. A disaster, no better seen than in the National Health Service.

Restore to Government the sole right to create and issue new money and the National Health Service can become solvent, to the benefit of every man, woman and child in Britain. This can be done by obtaining repeal of the Tonnage Act of 1694, which gave to the banks the right to create new money as credit. That in fact, was giving the banks a licence to counterfeit money by sleight of hand. What is needed and wanted by Great Britain at this time, is to establish an honest and ethical monetary system. We have lost the sole right to create and issue new money. We need to show the Government how to create and issue new money which does not cause inflation. That can be done, but it does require that we explain to the Government how to do so.

If there is any way at all, in which you could use your good offices as a reporter, for one of the best Newspapers in Britain, to question various people who are responsible for financing the National Health Service, how it has come to pass that new money must be borrowed into existence, to pay for Health, we could win this battle for solvency.

Doctor Edward C Hamlyn MBChB

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