Word: theorv
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Dates: during 1940-1949
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...including wages, that got out of line. (Last week he voiced some opposition to railroad labor's demand for a 30% raise.) Getting down to fundamentals, he even threatened to crack down on the purchasing agents themselves if they got "panicky about inventories and corralling supplies." To the theorv that the OPACS system of handling price situations piecemeal is unpractical he replied: "If I believed that this were so I should be for a rigid ceiling on all prices . . . and I should have been for it early." But his denial that wages or farm prices were as yet moving...
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