A joint resolution to establish the National Commission on Inflation.

[AI summary unavailable — showing source text] Establishes the National Commission on Inflation to consist of the Secretary of the Treasury, who shall be the Chairman of the Commission, the Chairman of the Council of Economic Advisers, the Chairman of the Board of Governors of the Federal Reserve System, and ten public members to be appointed by the President. Sets forth the duties of the Commission, including to: (1) develop and recommend to the President and the Congress policies, mechanisms, and procedures to achieve and maintain stability of prices and costs in a growing economy; (2) promote the consistency of price and wage policies with fiscal, monetary, international, and other economic policies of the United States; (3) provide information to the public, agriculture, industry, labor, and State and local governments concerning the need for controlling inflation and encourage and promote voluntary action to that end; (4) review the programs and activities of Federal departments and agencies and the private sector which may have adverse effects on supply and cause increases in prices and make recommendations for changes to increase supply and restrain prices; (5) review industrial capacity, demand, and supply in various se…