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Richard M. Boeckel, Editor
New Proposals to Forestall Inflation
The danger that the industrial boom now being promoted by the arms program may develop into a general and uncontrolled inflationary movement was brought forcibly to public attention at the beginning of 1941 by the submission to Congress of a special report on the subject by the Federal Reserve System. The report was submitted jointly by the Board of Governors of the Federal Reserve System, the presidents of the Federal Reserve Banks, and the Federal Advisory Council. It called for withdrawal ...