Introduction by Paul Charles Milazzo

Introduction PAUL CHARLES MILAZZO

Loyal readers of Newsweek had reason for disquiet when the latest issue hit the stands on May 3, 1954. Those who managed to endure the details of the ongoing Army-McCarthy hearings or the deteriorating French position in Indochina sought solace, and more stimulating fare, by flipping through as usual to the business section.

1. 1946

1946

How ‘Stabilization’ Unstabilizes

How ‘Stabilization’ Unstabilizes

September 30, 1946

2. 1947

1947

The ‘Purchasing Power’ Theory

The ‘Purchasing Power’ Theory

January 6, 1947

The CIO argument for another general wage increase of 25 percent has caused such deep concern not merely because the statistics on which it is based are so misleading but because the policy the labor organization advocates is a threat to the survival of the free-enterprise system itself.

3. 1948

1948

The Uncalculated Risk

The Uncalculated Risk

January 5, 1948

4. 1949

1949

We Impose Collectivism

We Impose Collectivism

January 3, 1949

The White Paper on the British Government’s four-year recovery program is significant not only for what it tells about that government’s policies but for what it tells about our own. The Marshall Plan was put forward as a plan to combat Communism by helping the world to return to free enterprise. By almost imperceptible stages this objective has been reversed. We now insist that no country can get financial aid from us unless it rejects free enterprise in favor of government planning and collectivist controls.

5. 1950

1950