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Editorial
February 6, 1946
Laurel Outlook
Laurel, Yellowstone County, Montana
What is this article about?
Editorial argues against ineffective price controls during wartime, criticizing government borrowing, printing, and spending as causes of inflation. Advocates encouraging production, controlling government costs, and ensuring fair returns for producers and workers.
Clipping
OCR Quality
98%
Excellent
Full Text
WHY KID OURSELVES?
It seems almost childish for price control agencies to try to regulate the economy of the nation on one hand, while government goes on borrowing and printing and spending and giving away money as it sees fit.
Hold-the-line orders for a pound of butter, a pair of stockings, or an automobile, may temporarily get public acclaim.
But it isn't long before the public finds it can't get butter, stockings or automobiles when out-of-line prices block production. And it makes no difference whether the articles are rationed or sold in a free market.
What our regulators of human activities should concentrate on is encouraging production and admitting that the abnormal costs of war have caused some inflation which can be controlled if the costs of government can be controlled and if the people will work hard and produce. Our regulators of human activity must allow sufficient return to the producer and to the wage earner, based on our present inflation due to the national debt.
It seems almost childish for price control agencies to try to regulate the economy of the nation on one hand, while government goes on borrowing and printing and spending and giving away money as it sees fit.
Hold-the-line orders for a pound of butter, a pair of stockings, or an automobile, may temporarily get public acclaim.
But it isn't long before the public finds it can't get butter, stockings or automobiles when out-of-line prices block production. And it makes no difference whether the articles are rationed or sold in a free market.
What our regulators of human activities should concentrate on is encouraging production and admitting that the abnormal costs of war have caused some inflation which can be controlled if the costs of government can be controlled and if the people will work hard and produce. Our regulators of human activity must allow sufficient return to the producer and to the wage earner, based on our present inflation due to the national debt.
What sub-type of article is it?
Economic Policy
War Or Peace
What keywords are associated?
Price Controls
Inflation
Government Spending
War Economy
Production Encouragement
National Debt
What entities or persons were involved?
Price Control Agencies
Government
Regulators Of Human Activities
Editorial Details
Primary Topic
Critique Of Price Controls And Government Spending In Wartime Economy
Stance / Tone
Critical Of Price Controls, Advocating Production And Fiscal Restraint
Key Figures
Price Control Agencies
Government
Regulators Of Human Activities
Key Arguments
Price Controls Fail While Government Borrows, Prints, And Spends Freely
Public Acclaim For Controls Is Temporary As Shortages Occur Regardless Of Rationing Or Free Market
Focus On Encouraging Production To Address Inflation Caused By War Costs
Control Government Costs And Ensure Fair Returns For Producers And Workers