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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
Sep 10, 1948
Page
6
The piece contrasts a government controlled economy with free market retail. It argues that free enterprise yields abundant, varied goods for all, while a controlled system offers luxury for a few and subsistence for the masses. The author highlights chain and independent stores as evidence of prosperity.
A New York Times summary says there should be adequate petroleum products for domestic needs next fall and winter unless war or major strikes disrupt transport and refining. The industry has boosted fuel oil stocks, expanded pipeline capacity, and now has ample tankers, with government authorization to allocate supplies if shortages occur.
In a West Branch Iowa talk Hoover frames America as more than wealth power or conquest. the soul of America is freedom of mind and spirit and individual rights within law. He warns against overreliance on government and stresses spiritual values as the source of national strength and dignity.
The era shows full employment and record peacetime income with strong demand and profits, yet labor leaders and economists fear a future downturn. Wage-price dynamics, productivity, and high industrial profits are debated, with references to automobile wages and union-driven productivity issues in building trades.
The piece argues the daily brick layer limits are too low and warns deflation could be as damaging as inflation. It notes government readiness for a high price and wage system, ongoing price supports, and hopes for gradual inflation control with labor, industry, and agriculture negotiating a new bargain, though prices may rise further and wage demands increase.
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