Every dime and dollar not vitally needed for absolute necessities should go into war bonds and stamps to add to the striking power of our armed forces.

As a national policy, the ceiling on farm products should be set at parity.

We cannot fight this war, we cannot exert our maximum effort, on a spend-as-usual basis.

Profits must be taxed to the utmost limit consistent with continued production.

Elimination of private debts and accumulation of savings will provide a form of insurance against postwar depression.

Where is the economy?

We must keep our eyes fixed now upon the one all-important primary task to produce more materials at a greater speed.

Things of that kind slow down industry so much less than illness slows down industry.

This fight against inflation is not fought with bullets or with bombs, but it is equally vital.

Finally, all bulwarks against inflation must fail, unless all of us—the businessman, the worker, the farmer, and the consumer —are determined to make those bulwarks hold fast.

I feel that most farmers realize that when farm prices go much above parity, danger is ahead.

Effective price control will insure that these sacrifices are equitably distributed.

The objective, of course, of the Administration on that was after very, very many years to bring the price of agricultural commodities up to parity.

Moreover, price control legislation alone cannot successfully combat inflation.

It should give a great impetus to honest dealing in securities and bring back public confidence in the sale of securities.

We cannot restore employment in the United States by these methods.

And bank failures which amounted to nearly 100 a week when the Corporation began are now down to about the casualties of normal times.

The enactment of the legislation which has been recommended creating the system of home loan discount banks.