Show DREW ra PEARSON ARSON economic experts are alarmed M tvr ORE alarmed than ever over high prices and the inflation spira spiral 1 the presidents council of economic advisers dumped a none too happy economic report in mr Tr lap when he returned from his trip to brazil members of the council set up by congress to take the nations business pulse and report on how to head oil of depression are so BO worried in hi fact that they have been considering the drastic step of recommending reinstatement of price controls this step also has been considered by members of the truman cabinet and they are not at all nappy about it they feel that new price controls never would get by congress would result only in more black ing unless aniess accompanied by rationing and nobody wants to have rationing come back however the council of economic advisers a group of experts picked from neither political party Is concerned not with what congress may or may not think but solely with heading off depression and they informed the president 1 that the present runaway prices coupled with inflation will continue for some time 2 that continuation will lead to st ft real depression rather than a recession they also cautioned that the low income public which makes up the vast majority of the notions nations consumers has been using up its savings because prices are so high that they cant pay their bills out of present income A |