FISCAL: Shadow of Inflation

Hell broke loose again last week on the inflation front. The farm and labor blocs, warily watching each other to grab any tactical advantage, got set for an organized assault on the whole anti-inflation program.

Farm Strategy. Three times in the 77th Congress the farm bloc had been whipped in its effort to write the cost of farm labor into the farm parity formula. Last week the House Agricultural Committee quietly approved a bill which would do it all over again. Although the bill would add another $3½ billions to the nation's food costs, the committee did not bother to...

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