The purpose should also be to keep wages at a point stabilized with today's cost of living. Both must be regulated at the same time; and neither one of them can or should be regulated without the other.
At the same time that farm prices are stabilized, I will stabilize wages.
That is plain justice -- and plain common sense.
Fireside Chat 22: On Inflation and Food Prices (September 7, 1942)
Franklin Delano Roosevelt
A 10-minute short film produced by the MGM studio to be played in movie theaters across the country. Pete Smith explains (with graphs!) how FDR’s inflationary policies are going to help the economy.
“And sailors will soon again be able to afford a stripper in every port! . . . What inflation has done before it will do again! . . . What a man! And what a leader! Yowzer! Happy days are here again!”
Misunderstanding Inflation through the Years
Inflation in 1933 (explained by MGM Studio)