Economist Sees' Long Inflation Period for U.S. Merryle Stanley Rukeyser, na tionally known economist, said yes terday afternoon in a radio inter view that it is unlikely that the nation will return to a prewar econ omy for quite some time. The tape recording on W'hich Rukeyser was interviewed by Paul Hyman when the economist spoke here last Monday was part of the “University Hour” presentation of fche University radio studios yes terday. “We may level off at the peaks,” Rukeyser commented regarding the present inflationary period, “but it is unlikely that we will go down to the prewar levels—and if we did we would have trouble, anyway, because we would be out of balance with this supercollosal national debt.” Food Demand High Discussing the high cost of food products, Kukeyser declared that it was mainly due to the great de mand for those products. The housewive’s buyer strike which oc curred in parts of the nation re cently had little effect because it was not organized sufficiently, he said. “If you had a spontaneous and nation-wide refusal to buy at high prices it would really amount to something.- In this competitive in dustry the customer is always the boss.” Rukeyser presented two defini tions of inflation. He said it is a swelling up of money and credit supply. “It usually applies to the point when the supply of money and money substitutes, which is credit, has increased more rapidly than the goods and services which money can buy.” For those not economically inclined perhaps the following explanation is more clear: “I remember as a youngster back in World War I,” he said, “I defined inflation as that which makes a five-cent loaf of bread ten cents. Of course we’d have to revise the figures upward to be correct in the present situation.” Presidential aspirants Harry Truman and Henry Wallace are regarded by Kukeyser as tremend ous inflators due to their heavy spending policy. He considers Thomas Dewey as the “least un desirable of the three from the standpoint of inflationary spend ing. Unfortunately, Dewey, in or der to compete effectively, has had to revise his spending program up ward.” A less tense international situa tion in Berlin in the future is pre dicted by Rukeyser. The fast rate at which the American military machine was disarmed was one factor which unbalanced the world military power and made the Rus sians so aggressive in Germany, he said. “Now, however, we are arming again and the international situa tion will become a little less tense than it is today.” He said he favored a tariff pro tecting the American farmer. We invite and will appreciate your banking business. EUGENE BRANCH U.S. National Bank of Portland, Ore. "I smoked CHESTERFIELDS between scenes while moking my new picture, JOHNNY BELINDA, they’re MILDER... It’s MY cigarette." STARRING IN JOHNNY BELINDA A WARNER BROS. PICTURE GIRL ot Penn State says ABC bkl »■ -- FPt students smoke chesterfields more COLLEGE STUUt^ | m Hkiioim m than any other make