The Taste of Freedom

To men suddenly loosed after years behind bars, freedom appears variously as a long-delayed right to be celebrated, a privilege to be used with caution, or a new, bewildering responsibility. To U.S. businessmen suddenly loosed last week after five long years behind price bars, the taste of economic freedom was as varied.

As expected, prices increased overnight on scarce materials and products being made at a loss. Procter & Gamble, and other soapmakers, jacked up wholesale soap prices an average of 50%. General Electric and Westinghouse led the way in upping small...

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