Experiments in Price Control

Archive Report


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Richard M. Boeckel, Editor.

Administration's Concern Over Rising Prices

Administration fears that sound recovery was being threatened by rapidly rising prices were given forcible expression April 2, when President Roosevelt declared that prices of steel, copper, and other basic commodities had gone too high, and that the government would seek to check the movement by curtailing its purchases of durable goods.1 Similar warnings against inflationary price increases in general had been uttered a fortnight earlier by three other prominent administration members. Marriner S. Eccles, chairman of the Federal Reserve Board ...

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