Abstract

Kefauver and the Price-Makers

Detroit, Michigan, expects another banner auto year, businessmen generally look forward to a second successive helping of substantial tax cuts and U.S. John F. President Kennedy has blessed the latest round of steel-price increases. If this is not the best of all possible worlds for the nation's affluent minority, it isn't a bad approximation. Even publisher David Lawrence's journal "U.S. News & World Report," the last innocent believer in the mythical class war between business and government, has been asking in print whether U.S. President has declared a truce. To be sure, unemployment doesn't go below 4 million, another burst of mild inflation is a distinct prospect and two-fifths of the population remains trapped in poverty or at living level below the modest standard defined as adequate by the U.S. Labor Department.