Keyserling Calls Campaign Against Inflation 'Spurious': Breakdown of Rising Costs For Price Notif
Leon H. Keyserling yester-i day accused the Administration and "powerful private propogandaÛ of waging a fake fight against inflation to keep down wages.</br></br>Keyserling, who was chairman. of President TrumanÛªs Council of Economic Advisers, said the "spurious campaign" has been used to defeat or block major national objectives. '</br></br>He urged junking of tight money policies and proposed increased Federal spending to spur the rate of economic growth .</br></br>KeyserlingÛªs latest analysis appears in a 59-page report entitled ÛÏInflation.Û It was released yesterday by his Con: ference on Economic Progress.</br></br>Keyserling declared that restrictive credit and budget policies are appropriate to wartime eras, when, he said, most ihflatlon occurs. In peacetime, he said, this ap; proach halts the pace of economic gain and leads to less than full use of manpower and other'resources.