A secretary jerked her thumb at a closed door in the White House one morning last week and coldly observed: "Behind that door there is developing the finest set of ulcers seen around these parts in years." The door led into the office of Presidential Adviser John Steelman. There a group of baffled experts, like ants around an overturned beetle, were pondering how to handle the Brobdingnagian problem of price control.

The President had set them at it. In summoning Congress to a special session, he had promised to recommend some "adequate measures"...

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