INFLATION: Nibbling at Food Prices

WHEN asked by a reporter what Americans could do to hold down meat prices. President Nixon replied: "Don't buy meat." Last week, in a somewhat more positive attack on the food price problem, the President took a couple of long overdue actions that were politically the least dangerous of several options open to him. Because he stopped short of putting controls on the prices that farmers charge, the chances are that his moves will not take much of a bite out of retail food costs.

Nixon put a form of controls on the wholesalers and retailers of fresh vegetables and...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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