flexible Price Rations Goods Ticket Rationing a 

 Substitute for Price Rationing Equality Is Not 

 Equity Rationing Cannot Be Made Easy Ticket 

 Rationing Means Strict Controls Complete Ration- 

 ing Is Prohibitive Subsidies Are a Stopgap Eng- 

 land's Subsidized Food Supreme Court Warning on 

 Subsidies. 



Chapter 11 BLACK MARKETS 204 



Black Markets in Currencies Our First Dollar Off 

 Bimetallism and on Gold Standard Civil War Expe- 

 rience Experiences during the Thirties Foreign 

 Exchange Black Markets in Commodities Mod- 

 ern Black Markets Causes of Evasion Who Are 

 the Violators? Large and Small Operators Sim- 

 plicity of Regulations Does Not Eliminate Black Mar- 

 kets Stopgaps to Black Markets Policing the 

 Black Market Occasionally Compliance Has a Bad 

 Effect Black Markets Will Be with Us. 



Chapter 12 ADMINISTRATION OF FOOD 220 



Military vs. Civilian Logistics Administrators Are 

 Untrained New Bureaucracy Necessary Conflict 

 among Bureaus and Policies Conflict within Bureaus 

 and with the Public Conflict among Czars Job Too 

 Big for One Man Public Not Trained for Regimenta- 

 tion We Personalize Trouble '- Advice to Adminis- 

 trators Heat in a Frozen Economy Administra- 

 tive Appeasement Checks and Balances in a Regi- 

 mented Economy Every Man for Inflation and Price 

 Control Price like a Thermometer "Squealom- 

 eter" Needed Price- An Efficient Administrator. 



