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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
May 11, 1951
Page
8
A Federal Reserve New York report argues that direct price controls or rationing cannot solve inflation. With high disposable income, excess demand will surface despite policies. The piece likens controls to a handkerchief for a cold, blaming government spendthrift policies for widening purchasing power and inflation.
J Edgar Hoover, director of the FBI, urges citizens to aid the national security program by reporting espionage sabotage subversive activities and other threats. He emphasizes safeguarding secrets and civil liberties, and warns against private investigations or spreading rumors. Citizens should contact the FBI with information on listed threats.
David Lawrence contrasts global leaders on appeasement and limited war while detailing Truman’s Korea policy and the risk of broader conflict. The piece notes escalating casualties above 60,000, Soviet aid to Mao, costly ongoing fighting, and Congress’ reluctance to declare a clear course, leaving major decisions to the Kremlin and uncertain cease-fire prospects.
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