Whenever in the judgment of the President such action is necessary or proper . . . he may . . . regulate or prohibit, with respect to any commodity . . . selling, marketing, or inventory practices . . . which in his judgment are equivalent to or are likely to result in price increases inconsistent with the purposes of this Act.
These words in the price-control bill now before Congress prompted the American Newspaper Publishers Association last week to issue an eight-page alarm. They meant, as the Association read them, that the President could dictate whether, how and how much businesses...
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