The President's News Conference
02/16/1949
https://www.presidency.ucsb.edu...
I am presenting herewith a Midyear Economic Report to the Congress.
In my opinion, it would be a serious error to introduce at this time a new principle-insurance against war-caused losses.
These things cannot be done by business, labor, agriculture, or government acting alone.
Many of the price adjustments that have taken place have been healthy, and afford ground for expectation that our economy will work its way ...