For the first time in more than two years, the U.S. economy is entirely free of wage and price controls. As President Eisenhower last week struck off the last controls—on machine tools, steel, chemicals and other basic commodities freedom brought only a few price boosts. There was a $4-a-ton hike in sulphur and a 4¢-a-lb. hike in coffee.* But, in general, businessmen showed no desire to gouge each other or the consumer for that matter. Actually, with production so high in most raw materials, there was little opportunity.

Even where metals were in short supply e.g., aluminum, producers made no attempt...

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