Milford chronicle., 1953-01-09
BANKRUPT PHILOSOPHY

It is reported that several Of President
elect EisenhoWer's aides are making a thor
ough study of the pros and cons of price
control They will offer recommendations
F., for his consideration. It will be within his
authority, when he takes Office on January
20, to Immediately terminate the controls
If ne so desires, or to continue them in whole
or in part until the law expires
During the campaign the PreSident-elect's
position seemed to be that political control
of the economy is always destructive, and
that It should not be imposed save when
some grave emergency makes no other course
possible. This is the view that is held by
the great majority of our economists, and by
most of the members of Congress. And GER
tainly, no such emergency exists today. Pro
duction in all fields is at very high levels,
there are no important shortages, and the
arms program, heavy as it is, accounts for
but small part Of our industrial and agTi-
cultural output.
No matter how wisely applied, controls
cannot help but be drain on the whole sys-
tenn of production and distribution. Every
factory and every store is burdened with a
mass of exceedingly expensive red tape-and,
in the long pull anything that adds to the
cost of doing business must be paid for by
the public at large. Far more important is
the fact that the whole philosophy on which
the controls are predicated is inimical to
free enteEpries and all our other traditional
freedoms. 1t is the philosophy of the all
powerful super-state That is the philosophy
which the voters so dramatically disavOwed
last November.
The President-elect will perform a great
service to the country if he orders the aban-
donment of the controls as soon as he takes
Office.
NeONS
THINGS WE TAKE FOR GRANTED
More than any other people, we Ameri-
cans tend to take the good things Of life
including many articles that the average fam
lily abroad would regard as rare luXuries-
for granted.
We assume that our farms and factor
les will produce endless streams of foods and
manufactured goods We assume that our
thousands upon thousands of retail stores,
large and small chain and independent, To-
Gated in the great cities and the little vil-
lagos, will stock the goods we want and
offer them for sale at prices we can afford
to pay.
What we often forget is the system, the
way of living and doing things, that has
made this possible.
Is is, basically, system which places its
strongest emphasis or individual initiative
and freedom. 1t is system which encour-
ages people 70 Take cllduCSS III LLl6 nOpe VI
reward. II is a system-despite all the devi-
ations we have taken from. it in recent years
which holds that government is best which
governs least.
It is a system in which all kinds of enter
prise, from the biggest manufactures to the
newest and smallest retailer, must compete
for business-and in which those who do
the best job win the public's favor and pa
tronage. And it is this system which created
our living standards and which supports
them.
You might think of that the next time
you go shopping All the abundance of foods
and goods you see are the result of our
unique system of free enterprise.
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