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Three Point Program Aims to Curb Cost of Living Inflation
Eric Johnston of the Economic Stabilization Administration outlines a three point plan to hold down living costs. The proposal includes limiting industrial profits, setting a 30 percent date for labor wage increases, and freezing agricultural parity prices as of January 13 1951, prompting fierce debate in Congress over farm price controls.
MENTIONED IN THIS ARTICLE
Eric Johnston
The
Economic Stabilization Administration
Congress
Charles F. Brannan
Brannan