Harry Truman actually said...

"Inflation and the high cost of living confront the American people--all the American people--with a grave danger."

"The bill which the Congress has enacted fails to include any of these necessary elements."

"This bill will not reduce the high cost of living and it will not keep prices from going even higher."

"It is far too late in the fight against inflation, however, to place our main reliance upon voluntary action."