Word: capchart
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Dates: during 1953-1953
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...arguments. First they say that controls in general are useless, and deny the need for them even in wartime. N.A.M. chief Charles R. Sligh gave the Senate Banking and Currency Committee to believe that corporation taxes and like measures would keep a grip on the inflation spiral. Senator Capchart, no friend of government control, answered by saying that Congress would surely pass controls on "wages, prices, and rents in event of an all-out shooting war." And they are obviousy needed then. The Federal Reserve Board, which under normal conditions sways price trends by manipulating credit rates, acts too slowly...
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