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)
78 WISCONSIN CHEESE MAKERS' ASSOCIATION 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 soul?" 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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