Does U.S. industry know a way to curb inflation? Last week, General Electric's Charles E. Wilson, who often speaks for a large segment of American industry, laid down a rudimentary sketch of such a plan.
Industry, said Charles Wilson, has now benefited from the technological gains of the war. It is in a position where "it normally could begin to roll back prices." Then why doesn't it? There are several reasons, as G.E.'s president sees it. For one, industry has to know what the Government policy will be on price control. More important,...
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