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Show Sees Inflation Signs Last month, the Federal Reserve Re-serve Board, in a public statement, state-ment, oposed any further tax cuts for the time being and urged a governmental spending policy along the line of "prudent economy." Pointing out that the national debt, which was $280,000,000,000 in February, has been cut by a-bout a-bout $10,000,000,000, the Board insists that the need is not for "a balanced budget" but for as great a surplus of receipts over expenditures as possible, with further reductions in the national debt. Taking cognizance of existing economic conditions, the report pointed out that black markets, inventory accumulations and speculation, particularly in fields like real estate and securities, not covered by price control, "are the .cusomary symptoms of an inflationary spiral which can end |