This is reel 1 of an audio recording “town meeting” discussion moderated by Emerson Markham on whether free competition can help prevent inflation, with Ira Mosher, William Yandell Elliott, Peter Drucker, and Sylvia Porter. Drucker argues that the type of controls set by the Office of Price Administration (OPA) are too weak to prevent inflation, and that free competition is likely to restore a market in which consumers control prices rather than the present market in which the OPA ceiling prices becomes the minimal price. Drucker also argues in favor of continued rent controls, more housing policy, and tight anti-inflationary fiscal policy (high taxes, low expenditures). The recording ends as Elliott asks Drucker why Drucker approves of rent controls and tight fiscal controls, but not other controls.
Drucker, Peter F. (Peter Ferdinand), 1909-2005 Markham, Emerson Mosher, Ira, 1887-1968 Porter, Sylvia, 1913-1991 Inflation (Finance) Pricing Government agencies Government policy Economic history Economy and society World War II
Place
Radio City Music Hall (New York, N.Y.)
Source
Original audio CD: Drucker Archives; Box 101B, Video Recordings: Can Free Competition Help Prevent Inflation, Reel 1, August 22, 1946.
If you're wondering about permissions and what you can do with this item, a good starting point is the "rights information" on this page. See our terms of use for more tips.
Share your story
Has Calisphere helped you advance your research, complete a project, or find something meaningful? We'd love to hear about it; please send us a message.
