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Excerpt from Controls or Competition: Hearings Before the Subcommittee on Antitrust and Monopoly of the Committee on the Judiciary, United States Senate, Ninety-Second Congress, Second Session, Symposium on the Economic, Social and Political Effects of Economic Concentration
In other words, the toughness of the Price Commission has been demonstrated by turning down a competitive furniture manufacturer's request for a modest increase of percent. At the same time the Com mission has demonstrated its reasonableness by permitting the major steel companies virtually to complete the largest price boost in their history. When we also look at the sizable increases given to automobile companies and firms in other powerful concentrated industries, we can begin to wonder what the possible track record of the Price Commis sion will be. At the very least, it is difficult to take hope from the deci sions and the record thus far.
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