Subsidies and the Rollback

May 1943
New Republic;5/17/43, Vol. 108 Issue 20, p656
Focuses on efforts made by the U.S. government to control prices during inflation. Announcement made by Price Administrator Prentiss Brown that he will restore the value of houses in the U.S. to what they were worth before inflation began; Agreement on subsidization of various commodities; Restriction of Office of Price Administration to spend funds to control prices; Privilege given to Jesse Jones, U.S. Secretary of Commerce to put up money for the subsidy program from his RFC funds; Rollback of consumer prices on various items by flat payments to processors; Promise made by Brown that dollar-and-cents ceiling will be placed on various food items.


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