National Affairs: Price Lid

"We have our teeth in the cost of living and we are going to hold on like a bull pup," said OPA's plough-chinned Chester Bowles, giving notice that he means to hold prices close to 1942 levels. At the same time he promised to "hold down the cost of food, clothing and rent . . . establish far more effective controls in building materials and house construction . . . see to it that more low-priced women's and children's clothing comes on the market at easy-to-understand, ceiling prices."

To prove it, he firmly tied down the prices of new washing machines, ironers,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!