or, in modern terms, a monetarist, and a believer in market forces. Powell was also a member of the Mont Pelerin Society. The by-product of this expenditure was the printing of extra money to pay for it all, which Powell believed to be the cause of inflation, and in effect a form of taxation, as the holders of money find their money is worth less. Inflation rose to 2.5 per cent, a high figure for the era, especially in peacetime. During the late 1950s, Powell promoted control of the money supply to prevent inflation and, during the 1960s, was an advocate of free market policies, which at the time were seen as extreme, unworkable and unpopular. Powell advocated the privatisation of the Post Office and the telephone network as early as 1964, over 20 years before the latter actually took place; and 47 years before the former occurred. He both scorned the idea of "consensus politics" and wanted the Conservative Party to become a modern business-like party, freed from its old aristocratic and "old boy network" associations. In his 1958 resignation over public spending and what he saw as an inflationary economic policy, he anticipated almost exactly the views that during the 1980s came to be described as "monetarism". Hola Massacre speech On 27 July 1959, Powell delivered a speech on the Hola Camp of Kenya, where eleven Mau Mau were killed after refusing work in the camp. Powell noted that some MPs had described the eleven as "sub-human", but Powell responded by saying: "In general, I would say that it is a fearful doctrine, which must recoil upon the heads of those who pronounce it, to stand in judgement on a fellow human being and to say, 'Because he was such-and-such, therefore the consequences which would otherwise flow from his death shall not flow'." Powell also disagreed with the notion that because it was in Africa, different methods were acceptable: Denis Healey, a member of parliament from 1952 to 1992, later said this speech was "the greatest parliamentary speech I ever heard ... it had all the moral passion and rhetorical force of Demosthenes". The Daily Telegraph report of the speech said that "as Mr Powell sat down, he put his hand across his eyes. His emotion was justified, for he had made a great and sincere speech". Minister of Health Powell returned to the government in July 1960,