INFLATION: Ten Days Until Christmas

This weekend Congress will have only ten days left—out of the 23 allowed by the President's ultimatum—to give him a law to stop inflation. Time was getting short, but Congress was working itself up to the effort.

Fact was that a good six of the 23 days had been needed for a very essential process: Congress had to cool down enough to stop spluttering over the President's attack on it for having forbidden price control of farm products below 110% of parity.

Indirectly the President made a little effort to smooth Congress' fur. He announced that he saw no need to draft...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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