Let George Do It

The air was filled with sound and fury against sky-high prices last week. President Truman told businessmen that they should cut prices or another round of wage boosts was inevitable. Businessmen did not have to be told that. They were all busy telling each other the same thing.

Jay D. Runkle, board chairman of the National Retail Dry Goods Association, sternly warned retailers: "The prices of consumer goods are too high; the quality too low. Management must limit itself to reasonable profits."

Don G. Mitchell, president of Sylvania Electric Products Inc., snapped...

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!