OCR Text |
Show PRICES AND INFLATION Constant and increasing pressure pres-sure for higher prices, cited by the Office of War Information, include in-clude increases in prices, money in circulation, war expenditures, corporation profits and the "inflationary "infla-tionary gap." The agency estimates esti-mates that after payment of taexs and the purchase of available goods and services, an estimated $33,000,000,000 will remain. The OWI quotes Secy. Morgen-thau Morgen-thau as saying that if those who hold this surplus try to spend it on customer goods, the "inevitable result will be black markets, ruptured rup-tured pr'ce ceilings, substantial increases in the cost of HvLig, followed fol-lowed by tremendous pressures which" will set in motion further forces in the spiral of inflation." |