Though the Ford Administration long ago stopped calling inflation "Public Enemy No. 1, "price increases and the prospect of more are dominating the news to a surprising extent in the early days of economic recovery. Last week brought a mixed bag of actions. The Soviets let the U.S. Government know that they want to buy additional U.S. grain in quantities that—if the sales were permitted—would be very inflationary. President Ford decided finally to permit removal of controls on oil prices, gambling that increases will be relatively modest, and General Motors announced boosts in car prices smaller than in the...
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