Wasted We Adopt New Slogans for an Old Policy 

 Wastes and Costs of Distribution Will Rise Little 

 Water Can Be Wrung Out of the Food Industry 

 Efficiency of Labor Will Decline Some "Frills" Make 

 the Consumer More Efficient Progress Is Slow. 



Chapter 9 PRICES 147 



Price Is the Fundamental Issue The Subject of Prices 

 Is Controversial Prices Are Related to One Another 



Rising Farm Prices Are a Result of Inflation, Not 

 a Cause Farm Prices Are Largely Made over Retail 

 Counters Farm Prices Fluctuate More Widely 

 Overproduction Was a Myth Low Farm Prices Not 

 Due to Loss of Foreign Markets Normally We Eat 

 More Than We Produce General Price Level Affected 

 by Monetary Factors Factors that Make Price In 

 Wartime All Factors Make for Higher Prices Price 

 Advances Depend on the Magnitude of the War Food 

 Prices Fluctuate with Other Prices Local Factors 

 Affect Food Prices Price Affects Production, Con- 

 sumption, and Distribution Price Tells the Farmer 

 What, Where, and How Much to Plant Price Guides 

 Distribution Consumption Wisely Guided by Price 

 Importance of Rising Prices during War Rising Food 

 Prices Do Not Mean Malnutrition One Way to Lap 

 Up Excess Purchasing Power We Have Experimented 

 with Many Panaceas Present Policy Is a Dilemma 

 All Cannot Have More if All Produce Less Price 

 Level More Important to Income than Variations in 

 Production Food Prices Made by Economic, Not Po- 

 litical Laws Incomes Have Risen Faster than Taxes 



Price Control Is Difficult Price Control Is Expen- 

 sive Inflationary Gap vs. Statistical Gap Rolling 

 Back the Cost of Living All Signs Point to Higher 

 Prices. 



Chapter 10 CEILING PRICES, RATIONING, AND 



SUBSIDIES 187 



These Are Methods of Buying Off the Public We 

 Have a Two-Money System Ceiling Prices Are In- 



