Irresistible Urge?

A basic argument rocked U.S. industry and Government last week. Should across-the-board price & wage controls be slapped on now?

There were plenty of good arguments against such regimentation of the economy:

¶ War production had not yet created any civilian shortages—and would not for some time to come. ¶ The economy had expanded so rapidly since 1945 that the ratio of butter v. guns could be higher than during World War II—in fact, civilian production had to be higher to maintain full employment and keep the economy healthy. ¶ The so-called "indirect controls"...