THE NATION: No Painless Way

As usual everybody wanted a scapegoat —the villain who was to blame for inflation. Leaders of both parties were more interested in nailing down the blame for high prices than in deciding what to do about them. But inflation's effects could not be concealed by any amount of campaign oratory.

U.S. housewives read the bad news in their store windows every day. A sirloin steak which cost 79¢ a pound in Denver last fall now sold for $1.15. In Atlanta, a $60 suit now cost $65. Across the nation, cigarettes were up 1¢a pack.

Could anything be done about it? Something...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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