Business & Finance: Squeezes and Subsidies

Biggest victim of U.S. price-fixing is the huge and highly complicated business of feeding the people. This is the only industry whose major raw-material costs have been left completely out of control (except as the Government can keep the prices of a few items down by threatening to unload some of its surplus holdings). With selling prices tied tight and costs free to rise, food processors, wholesalers, brokers and retailers have been squeezed against OPA ceilings.

Biggest problem for Washington is whether to relieve the food business by boosting price ceilings or by holding prices down with subsidies. Washington has tried both:...

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