Word: consumerized
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One central problem remains: the gearing of war production to consumer-goods production, based on an overall minimum schedule of civilian needs. Ferd Eberstadt has been heckling Civilian Supply Boss Leon Henderson for just such a schedule for weeks, so far with a notable lack of success. But at least...
As yet, only one restaurant has gone over to the chicory coffee combination. Hayes-Bicford's has swung to an 80 per cent coffee, 20 per cent chicory blend in an effort to supply the huge consumer demands.
When Price Boss Leon Henderson consulted with Economic Stabilizer Jimmy Byrnes, his argument for this scheme was that since the ceiling would be maintained, the move would not be inflationary. Actually, of course, if the Government pays bigger subsidies to corporations (be they copper companies or milk companies), and the...
With even the newest revenue measures falling short of actual war costs, no phase of the nation's accelerated production program can afford to lay itself open to accusations of faulty economy. Already the gap between buying power and consumer goods is of inflationary proportions. Dust on Aiken's charges...
So far from being a bad thing, an overall rise in interest rates might help in this bond-selling job, though voluntary campaigns will almost certainly not be enough. To put a further brake on consumer spending the Government will have to rely heavily on forced savings (now implicit in...