With an air of judicial aloofness and a deep sense of political risk, the new high court of price regulation this week took up its rule. If the three-man Price Decontrol Board did nothing before August 21, price ceilings would go back on grain, meat, dairy products, cottonseed and soybeans. When the doors opened into the high-ceilinged marble of the Senate Caucus Room for the first public hearing, a flood of businessmen flowed through. Most of them argued that it would be economic folly to sit tight, i.e., let ceilings go back on.
While the Board heard the evidence for its first...
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