PROFITS: A Controversial Comeback

ANYONE who happened to overhear random conversations around the Price Commission last week probably decided that its next report will have to be issued in a plain brown wrapper. The commission's economists were talking about a plan with the multi-entendre name of "re-virgination." At first glance re-virgination would seem to promise a return to a state for which there is little nostalgia. The idea is that, at the commission's urging, corporations would roll back many of their recent price increases and make refunds to customers who had been forced to pay them. That is hardly an attractive proposition by...

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