Salt Lake Telegram | 1946-07-26 | Page 6 | Price Control is Back

Price Control Is s Back ac Well price control is back Arter After a dizzy administrative an and legislative performance which spread confusion and uncertainty and undoubtedly delayed economic readjustment the 0 P A has I b been en revived No one can tell as yet whether this revised 0 P A law is I better than the old 0 O P A or better than no rio 0 P A at all But probably it will turn out to be a a. hodgepodge program quite in keeping with the hodgepodge the has made of all controls since the end of the war 0 L t Where the hodgepodge originated was the governments government's mistaken belief that it could still keep prices under firm control while removing controls over wages and limitations on consumer buying of short commodities Rising wage costs squeezed in industry industry industry in- in and business against the legal ceiling on prices Excessive consumer consumer demand for short items with no rationing limitations forced more and more goods onto the black market The economic pressures created by ill advised government decontrol were too great Price control was proving more of a a. hindrance than a help in many cases It was driving hiving goods and commodities off the market or at least off ff the legitimate mark market t. t Whether or not a new 0 OP P A hodgepodge program can answer the hodgepodge situation resulting from administration ineptitude is doubtful It certainly will be no nb cure-all cure for our ec economic readjustment problems The only cure for those is production and more production on the part of everyone everyone everyone- worker farmer and businessman But in the midst of confusion and uncertainty with ith selfish greed and inflationary pressure with restrictions and limitations and lack of incentive discouraging discouraging dis dis- courage ng productivity the future is not too bright