On the record
Our first line of defense against inflation is the good sense and public spirit of business and labor--keeping their total increases in wages and profits in step with productivity.
Said by
John F. Kennedy
Source
gutenberg.orgJohn F. Kennedy: “Our first line of defense against inflation is the good sense and public spirit of business and labor--keeping their…”
Editor's note · Context
Kennedy emphasizes the role of business and labor in maintaining wage and profit increases aligned with productivity to combat inflation.
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If they choose peaceful competition, they shall have it.
Through hot wars and cold, through recession and prosperity, through the ages of the atom and outer space, the American people have never faltered and their faith has never flagged.
Today we still welcome those winds of change--and we have every reason to believe that our tide is running strong.
If at times our actions seem to make life difficult for others, it is only because history has made life difficult for us all.