Detroit evening times. (Detroit, Mich) 1921-1958, 1942-04-15

THE treasury group thinks il
can Feeapture this with its
already heavy tax program and
voluntary subscription of war
bonds.
The Eccles line of
reasoning is that the excess
savings figure will continue to
run upward. and when people
get to bidding for scarce goods
they will force prices into in
flationary levels.
Why this should be so is not
clear TO me.
If prices are fixed, you would
expect them to be fixed. Any
bidding beyond their fixed limits
would be a violation of law.
Therefore, price freezing of
itself should do more to stop
initiation than the taking of
nebulous amount of excess saw
ings' calculated in advance.
4 kbN1OOSL4-I greatest
" crease in income is going
TO those directly working in
war production lines, while an
underlined large group of citi-
zens outside have not had the
same raises. and some of them
have become unemployed tenn
porarily by cessations in the
consumers goods lines of indus
try, due to priorities.
But the compulsory savings
group holds no exceptions can
be made in overall anti-inflation
policies. They would select a
minimum as the only exemption
say $1,000.
From whatever amount of
money is made by anyone above
that figure, they would deduct
at the source a certain amount
10 be invested in government
bonds.
IN ALL this direct and indirect
Il refrigeration, wages would be
chilled only by their proximity
10 the freezing apparatus and
not by direct action.
BY freezing prices, the Hen
derson-Eccles group, as get it,
expects 10 remove justification
Of further wage increases, and
therefore calculate that the
wage aspect would be elimi-
mated. They would supplement
this expectation, however, with
voluntary agreements among the
trade unions.
Even some OF the most skepti-
cal financial leaders in Congress
are being drawn by these argu-
ments. around toward endorsing
a voluntary Salary-withholding
system now. and saying they ex-
pect il may have to be CON-
pulsory next year.
LMOTIONALISM. which is a
IL natural outgrowth of war,
seems TO have seized our eco
nomic literature and is running
off with il into flights of fanci-
ful conjecture about the post
war world.
Now comes book by Carl
Dreher, an apparently unat-
tached economic writer, suggest
ing method of postwar
planning which will chill the
spines Of all readers. His book.
released today. is titled The
Coming Showdown" and the
plan he advocates would GER
tainly provide a show, and no
doubt its direction is down.
He would erect a system of
committees TO run each plant in
each industry. On the commit
tees labor would be provided a
majority, the management a
minority.
THEN various committees
would do various things on
up 10 an overall central plan
ming commission for each indus
try, top soviet, which would
tell each plant how much it
could produce. what ii could be
sold for and a lot of other
things.
Dreher tries 10 call il demo
cratic collectiviSm," but il is
trade union fascism, system
of soviet management. which he
assumes 10 be democratic be-
cause he would let "the public"
own the plants, as If the public
would want any ownership in
plants so controlled.
1t would serve labor right if
Mr. Dreher would make them
own the plants, and let manage
ment work for them with a
union, of course).
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