Dudensen Refugees Thank Donors for CROP Aid
The German town of Dudensen hosts Catholic refugees from Eastern Europe living on a barren land. Father Schnackenburg thanks American donors for CROP aid that supplied food and clothing and helped sustain two thirds of his parishioners amid high unemployment and welfare reliance.
MENTIONED IN THIS ARTICLE
Christian Rural Overseas
Dudensen
Europe
Johannes Schnackenburg
Silesia
Father Schnackenburg
America
Senator Rebukes Truman Plan For Inflation Risks
The Senate Banking and Currency Committee heard a sharp critique of the Truman plan arguing it would invite inflation by removing price and wage controls. The speaker warned that even without wartime demand today the economy runs at full blast with a national debt near 257 billion dollars and rising living costs harming the poor and fixed incomes.
MENTIONED IN THIS ARTICLE
Senate Banking and Currency Committee
Washington
Hitler
Poland
Baruch on price controls and wartime inflation
Baruch argues against broad government controls yet warns that inflation from wartime policy harms the American system. He cites the 1942 price control bill as enabling inflation, saying it raised farm prices and wages and added hundreds of billions to war costs. He notes a $75 bond maturing at $60 as an example.
MENTIONED IN THIS ARTICLE
Fisher
Chevrolet
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