Keep Inflation Dead, Goal of Humphrey
j By George M. Humphrey Secretary ot the Treasury There is one matter with which this Administration has! been concernedÛÓand will continue to be concerned in 1955ÛÓ which affects the daily life of | every individual and every, business in the country. This</br></br>The h-lting of inflation has1, been one of the great accom-, plishments of the Eisenhower Administration.</br></br>The world runs on confidence, and there is no greater destroyer of confidence than an1 unsound currency. That is why the checking of inflation has such high priority in this Administration.</br></br>In the nearly two years starting in January, 1953, the long decline in the purchasing power of the dollar was, for the time being at least, ended. A dollar Sc* d in January, 1953, will buy just about the same dollarÛªs worth of food or clothing today as it would two years ago. j</br></br>Like a Pickpocket i When prices are rising, the lors to millions of individuals is just as real as a pickpocket rifling a wallet. It is especially harmful to those who try to lay away a portion of their earnings for their own or their j childrenÛªs future, only to find at a later date that inflation I has stolen a portion of their! savings.