Designed to check inflation in earlier years, it now checks growth instead.
John F. Kennedy: “Designed to check inflation in earlier years, it now checks growth instead.”
Editor's note · Context
Kennedy points out that the previous measures to control inflation are now stifling growth.
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I speak today in an hour of national peril and national opportunity.
And, while the occasion does not call for another recital of our blessings and assets, we do have no greater asset than the willingness of a free and determined people, through its elected officials, to face all problems frankly and meet…
Our Constitution wisely assigns both joint and separate roles to each branch of the government; and a President and a Congress who hold each other in mutual respect will neither permit nor attempt any trespass.
And we will have forged across the Atlantic a trading partnership with vast resources for freedom.