The Worst Is Yet to Come

The pressure on U.S. prices-especially consumer prices-is getting stronger every week. Plugged by the patriotic thumbs of 1,700,000 retailers, the dyke has kept consumers much drier than they may feel. Last week many a retailer prepared to rest his thumb, turn over the job to OPA.

While lecturing the National Farm Institute about his inflation fears in Des Moines last week, Leon Henderson dropped some startling new statistics. This year, he said, national income will be around $102 billions, while available consumers' goods and services will amount to no more than $65 billions (in terms of 1941 prices). Normal savings, plus...

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