Freezing Consumers

Nader, Ralph
April 1972
New Republic;4/15/72, Vol. 166 Issue 16, p12
Presents information on Price Commission in the U.S. Information that the Wholesale Price Index have been accelerating faster than before the 90-day freeze imposed in mid-August; Conclusion that corporations will be able to boost their after-tax profits by 17 to 22 percent in 1972; Information that the Consumer Price Index has gone up at an annual rate of almost 5 percent-twice the goal of the President's stabilization program; Refusal by the Commission to hold any formal public hearings on any proposed change in prices, rents, interest rates or corporate dividends.


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