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Show Ol It SALVATION Back of all the talk concerning inflation and price control is the undeniable fact that heavily increased in-creased production is our main salvation. Everyone knows that black markets mar-kets are created by an inadequate supply of desired goods in normal, legitimate outlets. This country's price control policies have contributed contrib-uted unnecessarily to that inadequacy, inade-quacy, v No one will produce an article if he can't sell it for enough to pay his costs. And no manufacturer, manu-facturer, farmer, or retailer can "hold the price line" indefinitely in the face of increasing wage and operating expenses beyond his control. con-trol. He must raise his prices or quit producing. In the case of many agricultural products, the government has attempted at-tempted to meet the issue through the old device of subsidies. A child can see the economic fallacy in that. A subsidy means that part of the cost of what you buy is paid for out of your tax dollar. In the long run, the bill is greater. Those who try to bring about businesslike administration of price control aren't the friends of inflation. They are the friends of production inflation's enemyr This country has the greatest productive potentiality on earth. It has, in addition, a highly competitive distribution dis-tribution system which is a miracle mir-acle of efficiency. Until these forces can operate freely, we shall continue to enrich the black market, mar-ket, and prevent legitimate producers pro-ducers and distributors in all fields from performing the vast services of which they are capable, thereby assuring goods at the least inflated prices. . |