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localId
284838972
label
White House Press Release, Statement by President Harry S. Truman
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doc
dtoType
document
citationUrl
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1
Source metadata
id
284838972
contentType
document
title
White House Press Release, Statement by President Harry S. Truman
citationUrl
collections
White House Press Release Files (Truman Administration)
White House Press Releases
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1
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284838972
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item
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day
29
logicalDate
1946-07-29
month
7
year
1946
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nara-archive
Single page context
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1
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353
#793
IMMEDIATE RELEASE
JULY 29, 1946
STATEMENT BY THE PRESIDENT
I have today nominated Mr. Edwin G. Nourse to be a member
of the Council of Economic Advisors, provided for by the Enployment
Act of 1946, and purpose to designate him as chairman.
I consider that this act constitutes a distinct and vitally
important new step in the history of this country. It is the function
of the Council to formulate and recommend national economic policies
to promote employment, production, and purchasing power under free com-
petitive enterprise.
One of its primary functions is "fact-finding." It will
piece together a complete and consistent picture of the economic state
of the nation. The next function of the Council will be to interpret
all available facts and then to present the soundest possible diagnosis
as to the state of the nation's economic health.
Our country is capable of maintaining an economy free from
the evils of both inflation and deflation. With such an economy, our
country can go forward to greater heights of prosperity and full em-
NARA
ployment than have yet been achieved. This policy must be predicated
upon a program of fair dealing and justice to all our people.
The Council will be in a position to present to the nation
a clearer and more comprehensive analysis than we have ever had regarding
the economic state of the nation and all factors which tend to retard
prosperity.