The Economy: Inflation Consternation on High

AS the first cold gusts of autumn sweep the land, wage earners are settling down to the realization that a long siege of freezelike controls on pay increases lies ahead. But come the winter of their discontent, Americans can warm themselves with the thought that by keeping a weather eye out for surreptitious or unintentional price increases, they can use their private protests to make Phase II really work.

The war of the little man against rising prices is already causing consternation in high places. Among last week's skirmishes:

>...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!