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...inflationary momentum. When the guidelines were finally promulgated, the atmosphere would be different. The incomes board or the President himself would have to follow up, rousing public opinion by pointing an accusing finger at companies and unions that violated the guidelines. In some cases, other pressure might be required???such as sale of materials from...

Author: /time Magazine | Title: Business: Inflation's Stubborn Resistance | 12/14/1970 | See Source »

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