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Show , m f rmmMM0M rj r r J M T T f - Start at the Top Mobilization Director Charles E. Wilson has urged that states, cities and counties put off all postponable projects pro-jects for the duration of the emergency if they would have to be financed by borrowings. This suggestion is based on the need to halt inflationary spending and to conserve materials and manpower. To avoid a runaway rise in prices, he observed, it is now necessary to take all practicable steps to reduce non-defense demand. Mr. Wilson's idea is a splendid one, and it is certainly certain-ly to be hoped that the governors, mayors and county officials of-ficials to whom he wrote will follow it. However, it does not go far enough. The great, sprawling Federal government govern-ment must economize to the limit too, if inflation is to be checked and controlled. Without going into intricate details, the policy of the Federal government has been to create more and more credit, and to steadily enlarge the money supply, at a time when there has been no comparable increase in the supply of goods and services available for purchase by the people. The result, of course, is ever-increasing inflation, in-flation, and a continuing depreciation of the poor old dollar. State and local governments have been serious offenders of-fenders when it comes to unnecessary spending and borrowing. bor-rowing. But the Federal government has been an infinitely infinite-ly greater offender and it is the one uhich must set the right example or it is a waste of breath to talk about controlling con-trolling inflation. M, M Jfc M, .. |