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Show Inflation Costly to American Families The price inflation spiral since 1940 has already cost the average American family $2,630 and will cost another SS30 in increased prices during 1946. O. J. Arnold, president of Northwestern National Life Insurance In-surance company, declared. The first step to reduce this mounting inflation price-tag, he declared, is for the government to pay off the portion of its debt financed through the banks. " : 1 If it had been possible to finance the war wholly, instead of partially from current taxes and savings and so hold prices level, Mr. Arnold es timated the avenge family's share toward these larger taxes and sav ings would have been $1,840 actunl Iy ST90 less than it has already paid out in higher prices. Meanwhile U. S. bank borrowings at low inter est rates represent savings of only 51o0 per family. J |