How to Control Prices

Whittlesey, Charles K.
April 1942
New Republic;4/20/42, Vol. 106 Issue 16, p534
Suggests ways in which prices of commodities in the U.S. can be controlled. Impact of the attack on Pearl Harbor on the value of dollar; Difficulties faced in obtaining a satisfactory price-fixing bill; Role of price as a link between supply and demand; Need to have effective control over supply and demand in order to stabilize the price of any commodity; Need to limit expenditures to the amounts of goods available for purchase; Need to direct taxation and borrowing toward potential consumers; Impact of borrowing from banks on demand deposits; Lack of effectiveness of the borrowing policy of the Department of the Treasury; Need to reduce the spread between monetary incomes and the supply of consumable goods.


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