WORST U.S. DANGER

Gisborne Herald, Volume LXXIII, Issue 21979, 25 March 1946, Page 3

WORST U.S. DANGER

GROWTH OF INFLATION WAGE AND PRICE CURB PRESIDENT CONFIDENT GO a.m.) WASHINGTON. March 24. The Administration's new wages and prices policy would pave the way for the greatest outpouring of consumer goods the world has ever seen, said President Truman in a speech at a dinner on Jackson Day. "America, .to-dav, is in a period of transition.” hg said. “The war’s aftermath has brought new pressing problems. of which one of the most serious is dangerous and disastrous inflation. Unless we can keep prices and rents

under control until we have normal production flowing from our factories, our economic stability is imperilled. But we Americans have every right to be confident in our ability to check inflation and get production going at full blast.

"During the war. despite the greatest inflationary pressures in our history, we learned that the cost of living could be kept in line. We must do as well in time of peace.” President Truman, without referring specifically to current international events, said that America must lead the way to a better world order. ‘We shall seek increasingly close friendship with all nations.” he said. “We shall strengthen the United Nations’ foundations. Surely we shall never retreat merely because of dangers along the road to peace and progress. Despite opposition and all difficulties. we shall attain our goal of a prosperous and peaceful world.”