No Chinese dragon's tail ever lashed in more vicious spirals than the current Chinese inflation. During five years of war China's cost of living index has soared from 100 to 3,400 and is still soaring.
Ruby Queen cigarets have risen from 8¢ per package of ten to $20.* Camels have gone from 40¢ per pack of 20 to $200. Throughout China today it is a commonplace to find chicken selling at $20 a lb., coffee at $150 a lb., coal at $900 a ton, bread at $5 a loaf, electric light bulbs at $140 apiece, gasoline at $70 a gallon.
As usual salaried...
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