Money's Worth and the Tight Money Bafflegab
Column by Sylvia Porter analyzes how the Federal Reserve's tight money policy seeks to curb inflation by limiting credit and demand. It notes wage-driven cost-push inflation remains a risk and criticizes the uneven impact on housing buyers, small businesses, and municipalities while urging broader fiscal restraint as an adjunct to monetary policy.
MENTIONED IN THIS ARTICLE
Sylvia Porter
Federal Reserve System
Federal Reserve
Federal Reserve signals restraint without tax limits
The Fed warns that without tax and spending controls the economy risks imbalance. It urges tight money policies to curb inflation and support financial stability amid uncertain fiscal conditions.
New York Liquor Law Won’t Hike Monopoly Whisky Prices
Reports say New York State Liquor Authority affirmations may force price alignment with other states. Distillers challenged the law arguing constitutional issues and differences in local cost, while proponents foresee only minor shifts in whisky prices.
MENTIONED IN THIS ARTICLE
New York
Laney Pa
UPI
Manchester
Maynard Price
Renfrow
Virgil Renfrow
Average Industries, Inc
Weather Bureau
Sioux
Tom Donovan
See Gazette
York
New York Liquor Authority Orders Price Affirmations
The State Liquor Authority has ordered wholesalers to provide price affirmations. The measure aims to ensure compliance with pricing rules and to document verified prices, prompting scrutiny of supplier practices and potential reforms in September.
Also Mentioned on This Page
Sheldon
Atlas Concrete CO
DIAL
Federa Reserve
Al 17
U.S. Supreme Court
New York State
Ri Price
Onan
Santina Sallen
Vatine
Lew Ito
6Th Street
Ldro Vthing
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