This is reel 2 of a “town meeting” discussion with Ira Mosher, William Yandell Elliott, Peter Drucker, and Sylvia Porter, moderated by Emerson Markham. The topic is whether free competition can help or prevent inflation. According to Drucker, labor, manufacturers, distributors, and consumers pressured to abandon price controls too quickly, leaving OPA (Office of Price Administration) controls too weak to be effective against inflation. Both Drucker and Porter express favor of continued rationing. A question and answer session follows the discussion, covering such topics as demand for goods, jailing black market dealers, and price control without rationing. Sylvia Porter provides closing remarks on why free competition cannot prevent inflation, and Drucker provides closing remarks in favor of free competition.
Drucker, Peter F. (Peter Ferdinand), 1909-2005 Porter, Sylvia, 1913-1991 Mosher, Ira, 1887-1968 Markham, Emerson Inflation (Finance) World War II Rationing Economics Government agencies Government policy Automobiles Pricing
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 2, August 22, 1946.
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