Excerpts from the Press Conference
08/01/1940
https://www.presidency.ucsb.edu...
The Emergency Price Control Act of 1942 is an important weapon in our armory against the onslaught of the Axis powers.
To make price and rent control effective, the Administrator is given adequate powers to license persons subject to the Act.
Moreover, price control legislation alone cannot successfully combat inflation.
Effective price control will insure that these sacrifices are equitably distributed.