Postwar Price Inflation and 1948 Campaign
Party Attempts to Escape Blame for High Prices
Today's High Prices are recognized by Democrats and Republicans alike as a liability in the current bidding for ballots. The two parties admitted as much at the national conventions by blaming each other for the upward price movement, and recent exchanges in the same vein indicate that prices will be a continuing campaign theme. Because both parties have been exercising power, one in the Executive Branch and one in the Legislative Branch of the government, both are open to charges of not having done all that could have been done to halt or check price increases. Only Henry Wallace's Progressives, with no record of commission or omission, are free to accuse without ...