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emergency. Before our hearings began we were advised that the President would not ask for stand-by controls but that he would accept such law if pj^sed by the Congress.
I always have disliked the principle of government interference with private business but I have recognized the. necessity for certain artificial restrictions during a war emergency. None of us can afford the runaway inflation which war-time shortages of consumer goods tend to cause or the subsequent deflation which follows efforts to get our economy back to normal levels. Consequently, I favored the prompt application of economic controls after war . broke nut in KorM amt that nih#n
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