Quotulatiousness

July 16, 2017

QotD: The value of price controls in World War 2

Filed under: Bureaucracy, Economics, Government, History, Quotations, USA — Tags: , , — Nicholas @ 01:00

In World War II price controls [in the United States] were administered by the Office of Price Administration (OPA). I have been present at discussions where serious attempts were made to assess the OPA’s damage to the Allied cause, measured in terms of the equivalent number of German panzer divisions. The estimates tended to be large.

Steven Landsburg, The Armchair Economist, 2012 revised edition.

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