06/28/1964
https://www.presidency.ucsb.edu...
"Waste is wrong, wherever we permit it."
"THE PRICE-WAGE guideposts were developed under President Kennedy and reaffirmed by this administration to facilitate decisions by business and labor that help us preserve price stability."
"The guideposts provide the public with a means of judging whether the price and wage decisions made by business and labor are noninflationary and therefore consistent with the public interest."
"Since 1961 the wholesale price record in the United States is the best of any major country in the world."