The only way to achieve a practical, livable peace in a world of competing nations is to take the profit out of war.
Richard M. NixonOnly if you have been in the deepest valley, can you ever know how magnificent it is to be on the highest mountain.
Richard M. NixonSharp increases in the minimum wage rate are also inflationary. Frequently workers paid more than the minimum gauge their wages relative to it. This is especially true of those workers who are paid by the hour. An increase in the minimum therefore increases their demands for higher wages in order to maintain their place in the structure of wages. And when the increase is as sharp as it is in H.R. 7935, the result is sure to be a fresh surge of inflation.
Richard M. Nixon