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Richard M. Boeckel, Editor
Inflationary dangers in the defense boom
President Roosevelt warned Congress, in a special message, July 30, asking for enactment of price-control legislation, that “inflationary price rises and increases in the cost of living are today threatening to undermine our defense effort.” More vigorously worded warnings of the economic dangers inherent in the defense boom and of the imminence of a runaway inflationary movement, barring the prompt application of corrective restraints, have been uttered by Leon Henderson, administrator of the Office of Price Administration and Civilian Supply.