When the price of coffee climbed alarmingly last January, President Eisenhower ordered the Federal Trade Commission to find out why. Last week, after seven months of searching (while coffee continued to go up), FTC gave its answer: Said FTC: "The increase in green coffee prices . . . from 58¢ to 96½¢ between December 1953 and April 1954, and the corresponding increase in average retail . . . prices from 91¢ to $1.18 . . . cannot be explained in terms of the competitive laws of supply and demand." In a report to Congress, FTC listed what it thought were...
To continue reading:
or
Log-In
