In a week when two great strikes were settled, an uneasy thought beset U.S. businessmen. Under the bullish rumble could be heard a bearish mutter. Deflation might not be too far away.
True, Washington economists still worried about inflation. Gloomily they counted up the losses through strikes of more than 98.6 million man-days of work and a minimum $3.1 billion goods. They thought how badly that would affect the breathless race between production and demand. Industry's pipelines were sucked out. The 45-day coal strike was a blow at production's source from which it would take industry many months to recover. The...
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