Show INSTALLMENT BUYING Curbs Off Prices May Go Up Government controls on the fa- fa a- a ored American practice of ot installment installment installment install install- ment buying went of off November 1 I and nd from now tiow on the purchase of ot that radio or refrigerator is strictly a matter between you and the dealer deal- deal er r unless congress decides to step In again at the special session One result of ot the removal of ot installment in- in buying curbs Is very likely likey like like- I ly y to be an increase In the already i badly adly swollen prices of ot consumer i goods Under the law now out of ot effect a aown down own payment of one third one third of the purchase price was required of ot anyone buying on the Installment I plan Now however the rule book has been thrown away and retailers retail ers doubtlessly will reduce the amount of the initial payment Attracted by the lure of ot easy terms pressed hard householders now may see their way clear to buying needed Items Hems that they felt they could not afford before With the down payment and Installment terms relaxed demand for goods is sure to rise but It is certainly far from sure that the supply of such goods will increase accord accord- bigly Thus If it the old law of ot supply and demand follows its natural bent prices will rise too or the day of ot falling prices will be postponed Installment credit economists say is a volatile factor In our economy economy economy econ econ- omy and can be a considerable force operating to help bring about a depression de de- de- de When goods are arc available on easy credit terms consumers are tempted tempt tempt- ed to buy to the limit They over- over pledge their incomes This accentuates accentuates ates Ites the boom and eventually a saturation saturation saturation sat sat- point is reached The excessIve excessive ex ex- credit Has tas to be liquidated out of current income on the downswIng downswing downswing down down- swing and so the depression if one is already in the making is given a further impetus |