Inflation and Michigan finances amid rising prices
The Michigan Mirror discusses inflation as a long term government headache from state to village. It notes high prices, rising national income, a Truman budget exceeding 71 billion dollars, and looming deficits from sales tax diversion. It cites full employment in Michigan cities and potential wage increases for state workers amid rising living costs.
MENTIONED IN THIS ARTICLE
Michigan
Commerce Department
Washington
Truman
Congress
Lansing
State Civil Service Commission
Federal Reserve Banks
U. S
Inflation and dollar decline cited in New Jersey column
The piece argues that U S purchasing power has fallen since 1914 and especially since 1940, driven by currency inflation and policy. It cites rising government securities, consumer income growth, and fears of further depreciation unless the Federal Reserve is protected from presidential control.
MENTIONED IN THIS ARTICLE
U. S
Washington
Federal Reserve System
Congress
New Jersey Bar Association
Walter E. Spahr
Department of Economics
New York University
Spahr
United States
Michigan Mirror
Michigan
Young 4-H member John Alden saves for college and farm
John Alden, 14, of Kent Washington, earns from prize calf Segis Fayne and three calves, using eight US Defense Bonds. He plans to save for college or a farm, embracing the Earn Save and Serve defense thrift program.
MENTIONED IN THIS ARTICLE
John Alden
Kent
Wash
Johnny
Segis Fayne
John
4-H Club
Inflation Threat Faces National Budget Pressures
The piece argues inflation will erode services and raise taxes unless spending is cut. It urges readers to contact their Washington and Lansing representatives and vote for fiscally sane candidates. It notes pressure groups hinder reform and calls for citizen action.
MENTIONED IN THIS ARTICLE
Washington
Lansing
Ton
Also Mentioned on This Page
Michigan Ave
Saline, Michigan
F. W. Giesel
Thomas H. Doenges
Michigan Press Service
Saline
Poland
Sale
Illinois
William E. Uckele
Blissfield, Mich
New Co-op
Sam
Washing
Federal Deposit Insurance Corp
Mid. Ave
Ann Arbor
America
A & M Chevrolet CO
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