CONTROLS: Bury the Dead

As Regulation W was buried, U.S. businessmen urged the Administration to inter the rest of the controls on business in the same grave. A majority of the Commerce Department's 166-man business advisory council told Secretary Charles Sawyer that the economy was moving into a buyers' market and that price & wage controls were no longer needed. "It is time to start working for decontrols," said Eastman Kodak's Treasurer Marion Folsom, chairman of Sawyer's committee. "Wage controls have broken down; there is no evidence of general inflationary pressure." It was put more simply...

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