Throughout the world's great markets last week prices of the foodstuffs and raw material by which man lives surged upward in a heavy groundswell. In the past few months the steadily mounting level of commodity prices has become the most significant sight on the broad business horizon. It is certainly a portent of boom, perhaps of real inflation. In Washington the New Deal is no longer agitated by the question of how to get prices up, as it was for three long years, but how to keep them down. By last week the Annalist's...
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