On the record
Our first line of defense against inflation is the good sense and public spirit of business and labor--keeping their total increases in wages and profits in step with productivity.
Said by
John F. Kennedy
Source
gutenberg.orgJohn F. Kennedy: “Our first line of defense against inflation is the good sense and public spirit of business and labor--keeping their…”
Editor's note · Context
Kennedy emphasizes the role of business and labor in maintaining wage and profit increases aligned with productivity to combat inflation.
Share
More from John F. Kennedy
But the quest is the greatest adventure of our century.
But there is no comfort or security for us in evasion, no solution in abdication, no relief in irresponsibility.
And while no nation has ever faced such a challenge, no nation has ever been so ready to seize the burden and the glory of freedom.
Our Constitution wisely assigns both joint and separate roles to each branch of the government; and a President and a Congress who hold each other in mutual respect will neither permit nor attempt any trespass.