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In 1934, Britain owed the US $4.4bn of World War I debt (about £866m at 1934 exchange rates). Adjusted by the Retail Price Index, a typical measure of inflation, £866m would equate to £40bn now, and if adjusted by the growth of GDP, to about £225bn.

— Peter Hitchens The Phoney Victory (2018)

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More quotes by Peter Hitchens

A nation is the sum of its memories, and when those memories are allowed to die, it is less of a nation.

The Abolition of Britain (1999)

Fear is good for us and helps us to escape from great dangers. Those who do not feel it are in permanent peril because they cannot see the risks that lie at their feet.

The Rage Against God (2010)

The Bible angers and frustrates those who believe that the pursuit of a perfect society justifies the quest for absolute power.

The Rage Against God (2010)

The Spitfire, symbol of British military heroism in the 'Good War', was always, at heart, a defensive weapon.

The Phoney Victory (2018)

A liberal will defend to the death your right to agree with her. Disagree with her, and she will call the police.

The Cameron Delusion (2010)

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Attribution

Quote text and notes from Wikiquote: Peter Hitchens (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.