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Show A Bad Habit Is Hard to Break Price, wage and other government controls are being removed as rapidly as possible. We are headed back to a free market, competitive economy. This move appears to have the support of the people, which is a wholesome indication. indi-cation. The philosophy of the free market is inseparable from the philosophy of free government. For years the people have been told by bureaucratic planners that controls can protect consumers against inflation infla-tion which they cannot do. Every effort has been made by many top politicians and government officials to create distrust of the free market which has given the United States the finest production and distribution system the world has ever known. It is a great tribute to this system and particularly to retail distribution that it has been able to function for such a long time under a mountain of anticompetitive, anti-competitive, anti-free market controls. Today controls are being removed but we should not forget that they are being removed while activity is high and people are reasonably content. We should not forget that there is still a $260,000,000,000 public debt to reckon with and that for the most of the time during the past two decades we have been supported by government deficit financing fi-nancing and war spending. In plain words, controls and the philosophy of political dictatorships that they represent are being thrown off with the approval of the people, but there has been no test as yet of renewed faith in the philosophy philo-sophy of a free economy. Bracketing prices and wages with "floors and ceilings" by government decree is like the dope habit. It is hard to break. |