Throughout history, presidents have tried various things to fix inflation.
In 1942, with a World War pushing prices higher, Roosevelt used radio personalities to preach self-restraint.
“If we all rush down to the store with our money in our hands and start bidding against each other for the few things left on that counter, prices will go zooming up. That’s why they’re urging us now not to buy anything we don’t absolutely need, but to make our own things do it. If there’s money burning a hole in your pocket, sock it away in war bonds and stamps,” as said on The Great Gildersleeve radio program.
The Great Gildersleeve.
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