Word: blame
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Dates: during 1940-1949
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...into New York last week. It fingered and compared price tags on hats, sweaters, kitchenware and many other items. In its hunt for the cause of the latest upsurge in prices, it listened to scores of witnesses. After two weeks of hearings, the committee came to one conclusion: the blame could not be placed on middlemen or retailers...
...Margins. The blame for the food rise, said Flanders, had been chased "pretty well back to the commodity exchanges and the farmers." The subcommittee did not know what to do about the farmers. But it wired President Truman to find means to curb speculation and margin trading in commodity exchanges...
...economic and political crises inexorably reduce our already limited avenues of action. The American public nears a state of vengeful pointing and shouts of "J'accuse." Opinion has not yet singled out the scapegoat from the rogues' gallery of Business or Labor, Wheat Speculator or Foreign Sinkhole. But when blame settles on any one group, Americans will be guilty of self-delusion. For just as "get all I can" is an inalienable right of free enterprise, so is our inflation a result of many factors, some avoidable, others not, but all incontestably interrelated...
What more, then, in the light of these facts, can we do to assay the relative blame of any one group or factor? And to what purpose? For of far more importance is the question whether there is any single corrective or punitive measure to be taken to halt inflation now. Unfortunately, there seems to be no simple answer, no resolvable black or white dilemma, no precedent in the past; only unpleasant alternatives for a general policy which pose troublesome questions. Would ending European aid to check internal inflation be worth the political, economic, and moral risks Could controls...
...rising.prices, even though corn is now 30% higher than in 1920's boom. Until recently, the U.S. has not been exporting any more food than it did after World War I. But in July and August, grain exports increased to an alltime peak. The traders also put the blame on the blundering way the Government bought. Instead of buying only in dull markets, it hopped in & out of the market, paying no attention to the available supply of spot grain...