INFLATION: Price Roll-Back?

The battle against inflation has three fronts: wage control, price control, taxation. Last week some heavy artillery was hauled up to hold the price-control line.

Timing his attack to meet labor's charges that retail prices have skyrocketed beyond reach, Price Boss Prentiss Brown promised: 1) to extend price control to "every important commodity"; 2) to roll back prices which have got out of hand (meat, fresh and canned vegetables, coffee); 3) to establish specific dollars-&-cents maximum prices for all foods.

These were bold promises. Bold action was needed to implement them. The nation had two hopes: that the bold action would really come, and that it was not too late.