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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Oct 11, 1946
Page
10
The piece warns that global leaders foresee a third World War as inevitable, peace talks collapse under power politics, and nations rush to develop weapons as devastating as or greater than the atomic bomb. It asserts duty for military chiefs to prepare while avoiding universal catastrophe.
The OPA issues more price increase orders and the decontrol board frees goods. Merchants cannot set wholesale costs or source prices but can cut waste and raise efficiency to keep markups low. Most of your dollar goes to buying goods and overhead, not store profit. Prices rise with higher costs and lagging production.
The article notes broad willingness among manufacturers retailers and others to continue supporting the OPA in its revised form while warning that price controls cannot hold in a rising cost environment. It argues that free market forces will eventually set prices based on production costs wages and demand and calls for a prompt return to decontrol led by the new decontrol board.
An early shipping strike sparks talk of a national general strike if government moves struck vessels, challenged by a top AF of L official as ridiculous. The piece argues threats by labor threaten public interest, urging responsibility and warning against arrogance within labor ranks.
A critical look at Keynesian policy argues for balancing budgets in good times to repay debt and build surplus, warning that continued inflation and wasteful government spending threaten the dollar and long term stability. The piece urges courage and decisive action to end costly programs and pork barrel projects.
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