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The article discusses the persistence of price controls, which were established by wartime conditions, when major military operations are over. Full employment, more exactly an optimum quantitative utilization of manpower and plant resources, will probably still be in existence at the end of major military operations. Whether or not it will then cease owing to a sudden stoppage of war orders and disorderly reflux of soldiers, will largely depend on governmental policy, though there is virtual agreement on the necessity of avoiding sudden idleness of men and machines on a huge scale. Excess demands for civilian goods compared with their available quantities will, for a while, survive the end of military operations, with individual earnings and savings at a high level and the bulk of national production geared to non-civilian goods. Military consumption will, however, be considerably reduced at once, even if occupation of foreign areas and the requirements of international security should necessitate the maintenance of substantial armed forces.