In cooperation with the Office of Price Stabilization, the station to which you are listening presents

your pocketbook.

The featured speaker on today's Transcribe program is Julius S. Wickler, OPS Deputy Regional Director

for New York and New Jersey.

Mr. Wickler.

As most of you already know, your pocketbook is usually devoted to a discussion of the operations

of the Office of Price Stabilization.

Today, however, I want to talk to you not only about the Office of Price Stabilization,

but also about a related subject that I believe is a vital and imperative concern to each

and every person who calls himself an American.

I want to talk to you about inflation.

And of the threat inflation is to our national security.

You all know that with the start of the Korean conflict a year ago, prices in the United

States started an unprecedented rise.

You all know that we are fighting in Korea to prevent a worldwide domination by communist

forces.

What many do not realize, or half a gotten, is that inflation marches at the side of communism

in the battle to destroy our way of life.

Many persons reacted to the price spiral by demanding that government do something about

it.

When price controls were introduced as the law of the land, many people seem to be generally

satisfied that this was a step in the right direction.

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