THE ECONOMY: The New Freedom

The Office of Price Stabilization was in the midst of grinding out a new price regulation last week when it got word of President Eisenhower's intention to bring an orderly end to all economic controls (except for rent and strategic materials controls). With an anguished clank, OPS and other control agencies shifted quickly into reverse, began to grind out new plans for orderly decontrols.

By week's end the Administration had moved to:

¶ Take off ceilings on pre-1946 automobiles, on most department-store merchandise, meats, restaurant meals and drinks, and furniture (but to keep, for the moment, ceilings on major electrical and...

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