Congress and the Cost of Living

August 1943
New Republic;8/2/43, Vol. 109 Issue 5, p167
Comments on the ineffectiveness of the U.S. Congress in controlling the cost of living. Announcement of the Office of Price Administration (OPA) of its program to put foods under specific dollars-and-cents ceilings and to roll back food price by means of subsidies; Intention of the government to tie down retail prices and hold them down; View that prices and the division and disposition of supplies must be controlled at every level of distribution; Need of tentative steps by OPA to establish fixed and understandable ceilings on some food prices in some cities be expanded to all consumers' goods everywhere; Suggestions for effective price control; View that by substituting specific subsidies for general price changes one can get better price control and better production both for the government and for the consumer.


Related Articles

  • Some Factors of Inflation. Sancton, Thomas // New Republic;5/4/42, Vol. 106 Issue 18, p603 

    Focuses on the problem of inflation confronting Washington. Amount of rise in the national income; Factors contributing to price inflation; Impact of a price ceiling for 30,000 commodities on inflation; Measure of limiting incomes and profits to reasonable figures to fight inflation; Proposal to...

  • Mandatory price reporting expires.  // BEEF;Nov2005, Vol. 42 Issue 3, p7 

    Reports on the expiration of the mandatory price reporting after the U.S. Congress did not renew the legislation due to difference between the House and Senate.

  • Shadow and Substance in Inflation Policy. Heller, Walter W. // Challenge (05775132);Jan/Feb81, Vol. 23 Issue 6, p5 

    Inflation is a complex process deeply rooted in American economy and institutions. In the battle against inflation, a new social contract to supplement monetary-fiscal discipline is needed. To the economic policy-makers of this decade, inflation has become Public Enemy Number One. Except for...

  • COMPARATIVE RETAIL GROCERY CEILING PRICES IN LOS ANGELES. Pettengill, Robert B. // Journal of Marketing;Oct43, Vol. 8 Issue 2, p145 

    The article discusses the price ceilings on 206 commodities as imposed by the general maximum price regulation in seven Los Angeles stores. Most of the commodities compared were branded items, while others were either homogenous items or the cheapest item in their respective category....

  • Equality, Inflation and Wage Control. Rein, Martin; Marris, Peter // Challenge (05775132);Mar/Apr75, Vol. 18 Issue 1, p42 

    The article assesses the implications of wage and price controls on equality in employment. The rapid growth of inflation has fixed attention in a number of advanced industrial countries on the effectiveness of statutory wage and price controls as an anti-inflationary policy. Inflations can be...

  • Legislators Return to Washington to Handle Foreign Aid and Domestic Price Problems.  // Congressional Digest;Dec47, Vol. 26 Issue 12, p289 

    The article focuses on the U.S. Congress special session called by U.S. President Harry S. Truman to handle matters related to Foreign aid and Domestic price problems. France, Italy and Austria were running out of funds to purchase essential commodities and keep their respective economies...

  • The Hole in Your Pocketbook. Potomacus // New Republic;2/11/46, Vol. 114 Issue 6, p182 

    Analyzes the likelihood of price inflation in the U.S. Unlikelihood on behalf of the Congress and President Harry S. Truman to act decisively to prevent increases in the cost of living; Paradoxical facts that emerge from the situation; Statistics on price inflation; Parallels between current...

  • Defense and Consumption. Nathan, Otto // New Republic;8/25/41, Vol. 105 Issue 8, p242 

    Focuses on the impact of inflation on the U.S. economy. Reasons of the problem arising due to problems created by the U.S. government's plans to spend more than $40,000,000,000; Various schemes introduced by the U.S. government to check inflation; Information that most of the deferred-income...

  • New Policies to Fight Inflation: Sources of Skepticism. Rees, Albert // Brookings Papers on Economic Activity;1978, Issue 2, p453 

    This article explores possible reasons for opposition to proposals with major attention devoted to tax-based income policies. A number of proposals for new methods to fight inflation are being opposed, specially by labor organizations and the business community. Included among the old methods to...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics