Assistant Attorney General Thurman Arnold fortnight ago intimated that the Government was likely to restrict advertising on the ground that it sometimes fostered monopoly (TIME, Nov. 21). Last week he backed down. Obviously embarrassed by the sensation which his comments on advertising caused, Trust Buster Arnold wrote Advertising & Selling that it was all a misunderstanding, that regulation of advertising was the job of industry, not of the Department of Justice.
If this meekness on the part of the New Deal's most militant crusader led businessmen to think that a new day had...