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Wisconsin Cheese Makers' Association / Proceedings of the Wisconsin Cheese Makers' Association 59th annual meeting October 25 - 26, 1950 Auditorium and Schroeder Hotel, Milwaukee, Wisconsin

Wilson, W. J.
Address,   pp. 66-80 PDF (3.2 MB)

Page 78

Before we had disposed of the regulations and controls of
World War II we fAnd ourselves facing a new set, - already we
can begin to see part of the pattern ahead. Among other things
we have an economic stabilizer who will have the job of setting
up price and wage controls. Recent press reports indicate a pos-
sibility of both of these by the end of the year.
We now have a Chief of Defense Transportation established
under I.C.C.
As you know, controls on housing credits have been estab-
lished. Installment buying has been curtailed.
Each day the papers carry stories about stock piling by the
government and limitation of materials for civilian use. Yes, we
are going again.
You have already felt part of the wallop of increased taxes.
And this is only the beginning - a minor skirmish, so to speak.
The war production act of 1950 offers a fine springboard for a
batch of controls which could change the entire picture of our
country for all time to come.
Who knows what is in store for our system of free competitive
enterprise? Are we about to surrender our political and economic
freedom? Let us hope not, for when we do we shall have given
up our individual freedoms, - the one thing we have lived and
fought for. Then what shall it profit us to have won any war in
which we may find ourselves momentarily engaged. "What is a
man profited if he shall gain the whole world and lose his own
We are facing days which give us reason for serious, funda-
mental thinking.. As citizens do we favor a pey-as-you go policy
for the war or wars which are looming on the horizons of the
world - wars which we seem to think are our wars. Of course
as Herbert Hoover has recently pointed out: "We must realize and
the world must realize that 160 million Americans can not alone
maintain the safety of the world against 800 million communists
on the fronts of both Europe and Asia; nor can we out of our re-
sources and manpower contribute more than a minority in such a
phalanx of force." But now we are already committed to the ex-
penditures of vast sums and we must have an opinion as to how
'we are going to pay the bills. The alternative to paying as you
go - painful as that will be - will lead to more and more inflation
-and that can be a lot more painful. Where would it all lead

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