INFLATION: Ceiling for Everything

The Administration was visibly getting up its courage last week for its most drastic wartime step to date. As the nation moved toward employment of everybody and shortages of everything, the time came close when a huge universal ceiling would have to be clamped over the zooming cost of living.

When the Office of Price Administration puts up the ceiling laths and covers them with plaster, something will follow that has never before happened in U.S. history. All upward price movements, retail and wholesale, will halt. Price tags on the nation's shelves, of pillow slips and Paris green, of cosmetics and...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!