Foreign News: Free after 21 Years
In his latest and most drastic move to set the German economy free and to encourage U.S.-style free enterprise in the most habitually bureaucratic of all nations, Chancellor Konrad Adenauer last week removed all government price controls from the sale of German steel and steel products. Instead of being glad, most German businessmen seemed apprehensive over their new freedom. Industrywide price fixing under stern government control has been standard practice in the steel industry for the past 21 years.
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