It thus hurts the very countries and objectives it purports to help.

I believe this program gave all Americans a better appreciation of how powerful the forces of inflation are in our economy.

It also gave us convincing proof that wage and price controls are not the right way to solve the long-range problems of our economy.

I have determined that Federal employees will receive a pay hike of that amount.

The United States will have lost its negotiating flexibility and influence.

We in America want price stability, not inflation.

We in America want growth, not stagnation.

We in America want more cooperation, not more isolation.

We want solutions which serve very broad interests, rather than narrow, self-serving ones.

We in America want more trade, not protectionism.

All executive departments and agencies of the Federal Government are authorized and directed to cooperate with the Committee.

The Committee shall encourage the establishment of labor-management committees in particular sectors or industries as may be appropriate.

There is hereby established the President's Labor-Management Committee.

I will have extensive consultations with leaders of other governments aimed at strengthening international institutions.

I urge them, as I know they will, to join with all of us in a great effort to become inflation fighters and energy savers.

A fundamental fact of human history is precisely this: Nations which cannot impose on themselves a disciplined management of their fiscal and monetary affairs are doomed to economic disorder and widespread inflation.

The head of each agency shall, after consultation with representatives of the employees thereof, establish and maintain an occupational safety and health program meeting the requirements of section 19 of the Occupational Safety and Health…

The most important weapon in the fight against inflation is the spirit of the American people.