INFLATION DANGER
MR. ROOSEVELT'S WARNING Rec. 10 a.m. WASHINGTON, July 31. President Roosevelt, in a message to Congress, warned it that America's defence effort was being jeopardised by the threat of inflation, and asked for legislation enacting price and rent control. The President also called for the establishment of reasonable wage limits by co-operation between labour arid industry, but did not ask for legislation for this purpose. Mr. Roosevelt recommended that price-limiting authority should be flexible and subject to exercise through license or regulations under expeditious and workable administrative procedure. In addition. Mr. Roosevelt asked for legislative authority to purchase materials and commodities when necessary to assure price stability.
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Auckland Star, Volume LXXII, Issue 180, 1 August 1941, Page 7
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109INFLATION DANGER Auckland Star, Volume LXXII, Issue 180, 1 August 1941, Page 7
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