| Show r Business Today Today Today- Inflation Held Down bown own in 42 Respite Despite Boom jAMES l and r NEW YORK Jan 6 i-Don't i Don't Dont get zv v from personal prosperity or orl orti ti l victory in 19 1043 1943 3 and start tart g your mon money y around That would be like letting a f with an fl a appetite for green green- ch chew w a ahole hole in your pocket pocket- i neri kept their heads and grip on their money bags in n 2 2 ExPer Experts 82 are praising them loW for tOt the restraint restrain t they ey showed ding But the real trial of f common sense 1 is yet to nc tor more Th than a year now work work- BT everywhere in ill this country ei P- P em ye 4 had Md this phrase phree dinned into inflation We 1 H P prevent win the war but lose the pe ce by inflation U Understand High Costs inflation i Inflation is a f vague word word word-a. as Tazue Tague a as 83 words lik like good and nd evil j but ut when translated into a Se Wee like living cost OSt it makes sense f Any housewife can understand cost cort because she can measure mess meas are ife ure it with the price of a pork oh ohop thop p a dozen eggs or a pair of shoes hoes iOd IThe The cost of living g goes up when for tor the things for ou pay more you used to pay less That money worth less Iesi than it ed to be Th That's t inflation Imis shows how inflation was WaB last year hile le the na national t ion 1 income corned med up to a record total of illions in lit 1942 a 23 per r cent mever rise me yer ver 1941 living costs in the llie same ir une inie wen went up only 8 per cent rAt fAt the he same sante time individual sav say gs of Americans who thus made are money than ever before in in- teased per cent a total of 26 in Sn 1942 as compared with in 1941 nger ger of of- Inflation Even government was utting In controls to prevent in in- i atlon such s such ch as price ceilings j kept sounding the one arning uI ng Look out for inflation They knew the danger was there more in industries turned to war redaction there was WaB increasingly i 1 re re money to spend but fewer i upon which ti to spend it When men that happens the explained people start biding bid bid- in ing against one ne- ne another kicking p p prices and nd even helping to cret cre- cre t tt black markets put But lIt Ani Americans ricans rIcan kept a a. good bal hal nce nee so much s so that some corn com seem a little surprised ed edow a ow ow that while the inflation fac fac- va is w were r pr PreSe present et t. t they were wert not sed in a amad mad rush t to buy Perhaps one of the reasons showed restraint in pt was I psychological War MM e was bad in the first half of although it brightened up ter in the year aced Tough War Americans thus knew early in that they faced a tough war ith iI no one able to estimate its That must have had a Sobering feet on any spending urge mak mak- j git It seem wise to be careful with loney and save Ave what whet could be wed against the future At t. Atthe the same time Americans Sew i w they would have to save for I. I the stiffest in history for tor 1 March they will start paying Sam on on n those big 1942 earn earn- gs put But ut there were also alo these very controls and avenues which money which othise oth oth- ise might have been n thrown Tay y freely were channeled away om on markets Purchase of war bonds OM M is on wages and prices and raning ra ra- ra wing ning although some controls ere re e overlong in coming l Gap Cap ap But if it the economists economists' fear of in in- lUon or or on-or or rising living costs costs costs- as strong in 1942 it will b be no now w ss strong trong in 1943 and for tor good ason pie national income in 1943 win wIll I Jan 44 a estimated billions with inflationary gap of 40 billions ml at inflationary gap i is ii the dif- dif rence retice ce between the amount of oney that will be available for ending and the amount of goods at can be purchased In other words Americans will we LVe Jingling jingling- in their pockets pocket pockets pockets- Jr J- J lf ter r paying their ordinary ex ex- lo ose 3 and taxes O 40 40 billions to b blent be bent lent nt or saved Javed |
