PRICES: What Kind of Inflation?

At his first press conference last week new OPA Boss Prentiss E. Brown admitted that prices would continue "an inevitable, slow, well-ordered rise." This increase, he believed, would proceed at the current rate of one-half of 1% per month.

To those who have for some time realized that in fact (if not in theory) the Government is allowing an inflation to pay for part of the cost of the war, Prentiss Brown's statement came as no surprise. The critical question, which Brown did not answer, was: what kind of an inflation will the...

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