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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Nov 09, 1951
Page
6
The passage argues that a large portion of post tax income remains in low to middle brackets, with two thirds of money left after taxes in households earning under 15,000. It suggests high tax burdens fall on many, prompting the question of whether individuals hold a personal interest in government efficiency and restraint.
Press reports say the Maritime Commission may soon release more merchant ships to transport supplies to Europe. Europe struggles to meet demand via socialized mines. the United States with private mines leads in production and efficiency. Coal sent abroad will heat homes, power factories, and symbolize free enterprise superiority.
The article argues inflation must be tackled on a broad economic base with sound fiscal policy, strict government economy, increased production, boosted savings, and credit restraint. It condemns excessive non essential spending and calls for shared sacrifice and bold government leadership to lead the effort rather than blame various groups.
Washington reports show officials leaning toward ending meat controls to restore order. Disrupted production shifts cattle from regulated packers to other channels, causing shortages in various cuts. Economically, the packing industry earns only fractions of a cent per pound, with retailers paying higher under normal competition.
The passage argues that price controls collapse meat packing profits, with legally operating firms losing up to $25 per head on choice grade steers. By selling dressed beef above caps, unregulated operators push up cattle prices and divert stock from normal channels, harming both business and consumers under government fiat.
The Barnstable Patriot notes Paine and Washington warned against price regulation as markets self-correcting. It cites Philadelphia salt and flour controls that caused shortages and price spikes, contrasting 1776 with 1951 currency woes and urging Congress to abandon price control policies.
Postwar electric industry expansion faced copper steel and alloy shortages. Despite a market slowdown, demand for power remains. allocators must balance competing needs while avoiding government run lines and wasteful duplication. Congress should reject socialistic government transmission schemes to conserve materials and funds.
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