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Editorial
September 11, 1947
The Potters Herald
East Liverpool, Columbiana County, Ohio
What is this article about?
In 1947, the editorial questions why prices remain high or rise despite peak production and oversupply, attributing it to potential monopolies, conspiracies, and price-fixing, with the Justice Department investigating.
Clipping
OCR Quality
98%
Excellent
Full Text
WHAT KEEPS PRICES RISING?
WHEN production reaches its peak, and when warehouses are jammed with goods and merchants become alarmed over their inventories, it is basic that prices should start to slide. In a free economy that will happen every time. That is free enterprise. But, that isn't happening in this country, in the year 1947, and a great many people, including the justice department, have begun to wonder why.
When prices remain high, or go even higher, in the face of a declining market and an over supply of goods, something is wrong. The economic balance isn't working. Monopoly and conspiracy, the price-fixing, are suspected, and with good reason.
WHEN production reaches its peak, and when warehouses are jammed with goods and merchants become alarmed over their inventories, it is basic that prices should start to slide. In a free economy that will happen every time. That is free enterprise. But, that isn't happening in this country, in the year 1947, and a great many people, including the justice department, have begun to wonder why.
When prices remain high, or go even higher, in the face of a declining market and an over supply of goods, something is wrong. The economic balance isn't working. Monopoly and conspiracy, the price-fixing, are suspected, and with good reason.
What sub-type of article is it?
Economic Policy
Trade Or Commerce
What keywords are associated?
Rising Prices
Free Economy
Monopoly
Price Fixing
1947
Oversupply
What entities or persons were involved?
Justice Department
Editorial Details
Primary Topic
Rising Prices Despite Overproduction
Stance / Tone
Suspects Monopoly And Price Fixing
Key Figures
Justice Department
Key Arguments
In A Free Economy, Prices Should Decline With Peak Production And Oversupply
Prices Are Not Declining In 1947, Raising Suspicions
High Prices Indicate Economic Imbalance
Monopoly, Conspiracy, And Price Fixing Are Suspected Causes