Correction (1974)

From the October 1974 issue of the Socialist Standard

In the article Inflation in our September issue it was stated (p. 149, col. 1) that "the idea that increased spending increased production [is shown] to be true. if at all, only for a short period". In case this was taken as a complete generalization, which it is not, it refers in fact to the idea of increased spending resulting from inflation. Please note.