PRICES: In the Fog

The Economic Stabilization Agency last week issued a broad and hazy price proclamation aimed at almost every businessman. ESA asked for a general freeze on prices except farm products (about which ESA can do little), and a rollback of price increases since Dec. 1. The freeze was voluntary, said ESA, but woe to the businessman who didn't obey. ESA warned that anyone who did not cooperate would be punished when "feasible," apparently meaning when ESA makes the order mandatory and gets some price cops.

Just which prices were to be rolled back and...

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