Letters, Sep. 3, 1945

Biright Half Sirs:

CAPSULIZED COST OF LIVING PARAGRAPH IN

TIME [AUG. 13] IS BLACK HALF OF STORY. HERE IS BRIGHT HALF: FROM DECLARATION OF VAR IN 1914 TO ARMISTICE IN 1918 U.S. COST OF LIVING INDEX ROSE OVER 60%. BUT FROM DECLARATION OF WAR IN 1939 TO V-J DAY PRICE CONTROLS HELD RISING COST OF LIVING INDEX TO 30%. SO FAR WE'VE DONE TWICE AS WELL THIS TIME AGAINST INFLATIONARY PRESSURES MANY TIMES GREATER. BIG CHALLENGE TO AMERICA NOW IS FOR BUSINESS AND CONSUMERS AND GOVERNMENT TO HOLD THE LINE THROUGH TRANSITION PERIOD...

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