| OCR Text |
Show 'Inflation Can Ke Stopped Says NAM Head Inflation can be stopped, Robert Rob-ert R. Wason, president of the National Association of Manufacturers, Manufac-turers, asserted last week, adding that "it requires a budget in balance, bal-ance, the removal of OPA controls, con-trols, the production of goods, and a labor policy to be developed in the interest of all the people." Scoring deficit spending as a prime factor in inflation, the NAM spokesman pointed out that "if after 16 years of spending more than we earn, this nation began now to think of paying as we go. the budget can be balanced and the debt reduced." More Than Asking . . . "But," he added significantly, "it will require more than a simple sim-ple request to obtain those results." re-sults." When the OPA died, Mr. Wason recalled, black markets began to fade, "but subsidies hidden by OPA appeared on the price tags of goods. These were not new price increases but prices the consumer paid all the time." Hidden Prices . . "Under the new OPA," he continued, con-tinued, "prices are again rising. Increasingly the nation becomes aware that OPA did not control inflation. It only hid it. "If OPA officers continue to try to get around the clear principles of adequate prices,' written by Congress into the new act; if they deal with prices as they did under the old OPA, then production will continue to be curtailed, black markets again will rise and the economy will not be able to turn out the goods which the public has the right to expect and which alone can stifle inflation." |
