Proxmire argues inflation controls worsen than harms
Senator William Proxmire contends eight months of anti inflation controls fail to curb inflation, worsen unemployment, and widen wage gaps. He calls for less damaging methods such as cost of living adjustments and learning to live with inflation, while criticizing Price Commission secrecy and delayed tougher policies cited by opponent Jackson Grayson.
MENTIONED IN THIS ARTICLE
Washington
William Proxmire
Jackson Grayson
Wisconsin
Democrat
Congressional
Joiit Economic Committee
Proxmire
Coxmire
Joint Committee
Grayson
Commission
Wall Street
Continental Can Chief Attacks Price Suspension
Robert Hatfield, chairman of Continental Can Co, called the Price Commission’s suspension of a 422 percent can price rise arbitrary and discriminatory. He said he would seek an explanation and intend to appear before the commission. notes misinformed officials and argues the price impact on food costs is minimal. Continental holds under 24 percent of the food can market.
MENTIONED IN THIS ARTICLE
NEW York P
Continental Can Co
The
Price Commission
Robert 5. Hatfield
Commission
Continental
American Can Co
Hatfield
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