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Editorial
April 29, 1946
The Lincoln Times
Lincolnton, Lincoln County, North Carolina
What is this article about?
Editorial argues that controlling inflation relies on public willingness to refuse overpriced goods, such as $2,000 automobiles, rather than laws, proposing a consumer strike against high prices.
Clipping
OCR Quality
98%
Excellent
Full Text
CONTROL BY THE PEOPLE
In the final analysis, whether we have all-out inflation or not will probably depend upon the people. More important than what laws we have or don't have will be the question of whether we will be willing to sacrifice buying things we want if prices get too far out of line.
If the public refuses to pay $2,000 for an ordinarily low-priced automobile, there is no doubt that the price will come down to one the public is willing to pay.
If the majority of us would make up our minds not to be "suckers" and would go on strike when prices got too fantastic. inflation could undoubtedly be kept under control.
In the final analysis, whether we have all-out inflation or not will probably depend upon the people. More important than what laws we have or don't have will be the question of whether we will be willing to sacrifice buying things we want if prices get too far out of line.
If the public refuses to pay $2,000 for an ordinarily low-priced automobile, there is no doubt that the price will come down to one the public is willing to pay.
If the majority of us would make up our minds not to be "suckers" and would go on strike when prices got too fantastic. inflation could undoubtedly be kept under control.
What sub-type of article is it?
Economic Policy
What keywords are associated?
Inflation Control
Consumer Refusal
Price Strike
Public Sacrifice
Editorial Details
Primary Topic
Public Control Of Inflation Through Consumer Behavior
Stance / Tone
Advocates Consumer Refusal To Buy Overpriced Goods
Key Arguments
Inflation Depends On People's Willingness To Sacrifice Buying Desired Items When Prices Are Too High
Public Refusal To Pay Inflated Prices For Goods Like Automobiles Will Force Prices Down
Majority Deciding Not To Be Suckers And Going On Strike Against Fantastic Prices Can Keep Inflation Under Control