Gerald Ford actually said...

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

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.

To depart from past practice by use of a special survey to support a higher increase than can be justified by normal methods does not seem t...

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