CHECKING INFLATION

Chronicle (Levin), 25 March 1946, Page 7

CHECKING INFLATION

AMERICA CONFIDENT Received Sunday, 9.55 p.m. WASHINGTON, March 24. The Administration's new wages ana prices policy would pave the way fot tne greatest outpouring of consumer goods the world had ever seen, said Fresulent Traman in a speech at a Jackson Day dinner. ' ' America today is in a period oi transition, ' ' he declared. ' ' The war s aftermath has brought new, pressing probiems, of which one of the most serious is dangerous, disastrous infiation. "TJnless we can keep prices and rents under control until we have normal pro duction flowing from our factories, our economic stability is impcrilled, but we Americans have every right to be con fident of our ability to check inflatiou and get production going in full blast. During thc war, despitc the greatest in flationary pressures in our history, we learned that the cost of living could be kept in line, and we must do as well in . time of peace. ' ' Mr. Truman, without rofcrring ">pe ttcally to current international events, said America must iead the way to a better world order. , "We shall seek increasingly closfriendship with ail nations," he said. and we shall strengthen IJnited Nations' foundations. Surely we shait never retreat merely because of dangorc along the road to peace and progress'Despite cpposition and all difficulties, we shall attain our goal of a prosperous, peaceful world."