CONTROLS: From Icebox to Deep Freeze

"When we issued the price freeze, we put prices in the icebox," said Price Stabilizer Michael Di Salle last week. "Today, we are taking them out of the icebox. They will lie on the table for a short while; there will probably be some sweating and thawing. And then we put them in the deep freeze—for a long time."

With that offhand explanation, Mike Di Salle last week issued Ceiling Price Regulation 7, a new step in the fight to stabilize sky-high prices. The order wiped out the general price freeze for about 200,000 retail items and substituted instead a...

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