Show I CONTROLS Cold Shoulder The jeering specter of price wage and ration controls was invoked again by President Truman's council of economic advisers which called far for nationwide discipline to prevent prevent prevent pre pre- vent inflation under the impact of the new defense program In its report covering the first three months of 1948 the council denounced denounced denounced de de- de- de the tax cut law as inflationary and recommended new taxes if the planned defense spending spending spending spend spend- ing is not offset by reduced government government govern govern- ment meat costs in other areas Republican dominated congress received rather happily the council councils council's councils council's coun coun- cil cil's s call for reduced government spending but maintained a glum silence on the subject of selective price wage and ration controls Congressmen indicated that they want to study possible inflationary effects of the preparedness program and foreign aid spending under the Marshall plan before they give any serious consideration to resurrecting resurrect resurrect- ing economic controls Although the council coun-cil admitted that foreign s spending pending coupled with a bi big g gill defense outlay w will ill not swamp our economy nor require us to pass from free Le enterprise to regimentation it t added that some some rather systematic and vigorous discipline must be ex- ex |