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This article focuses on prices in a free economy that may be regulated for a coordinated defense effort. For such a unified, coordinated defense effort, those forces in a free economy need to be temporarily restrained. Typically, increases in price directly increase production volume, which is important to procure armament materials. However, increased demand for goods will cause inflationary prices in certain areas. Information on how inflation is caused and how it can be prevented is included. The authors stress the need for businesses to sacrifice certain aspects of a free market so that the government can control the economy needed in a defense effort.

The article discusses several issues regarding the growth of the small loan business in the U.S., as of June 1928. It discusses how the business has reduced the interest on small loans and provided a respectable agency where a wage-earner might obtain a credit and cites several industrial banking chains that are in the process of reorganization and refinancing. It also explains why the loan shark problem is the problem of family finance.

Presents several letters to the editor. Comments of the motion picture "The Grapes of Wrath"; Discussion on the Committee for Cultural Freedom; Statement related to Allan Nevins' use of a story about the author Granville Hicks; Discussion on the review of the book "Wheat and Soldiers," by Ashihei Hino; Report on the approaching visit of the King and Queen as stated in the letter by John C. Harrold of Houston, Texas.

This article presents information regarding the book "Germany Is Our Problem," by Henry Morgenthau. Henry Morgenthau would deprive Germany of all heavy industries and by breaking up the Junker estates provide farms for its surplus population. He would evict all Germans from the industrial Ruhr, internationalize it, and partition the rest of the Reich into a northern and a southern state. These states would be under Allied control, operating through a ministry of German civil servants, until satisfactory self-governance is possible.