U.S. At War: Henderson Proposes

In a parting shot as U.S. Price Czar, Leon Henderson last week tossed up a smart-sounding plan to siphon loose cash from U.S. citizens, thus help control inflation. The scheme: a buy-in-advance arrangement to sell purchase certificates now on consumer goods to be delivered after the war.

Sold on the installment basis, the certificates would apply to automobiles, air conditioners, household appliances and even airplane tickets. All deals would be on a first-come-first-served basis with early certificate buyers getting first chance at post-war products.

Soldiers & sailors would get special priorities, could do their shopping from the trenches through personnel officers and chaplains....

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!