In a fact-packed 43-page pamphlet, the Brookings Institution this week blasted the New Deal's price-control policies skyhigh. Chief factors in rising prices, said Brookings, are higher farm prices and higher wages. A price bill that does not seek to control them is just no good.
Brookings undertook to find out who has benefited from the defense program so far and who has lost. Defense spending increased the national income from a rate of $70 billions a year in the spring of 1940 to a rate of $85 billions. Manufacturing got the most. Its...
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