Seven hundred earnest conferees at the 13th Boston Conference on Distribution last week heard some startling crystal gazing on the future of price control. The gazer: black-forelocked, apple-cheeked Dr. Julius Hirsch, who was Germany's price-control tsar after World War I.
Dr. Hirsch fled Germany in 1933, taught at the University of Copenhagen, fled Denmark last year, arrived in San Francisco the day the first U.S. price ceiling was announced. In Boston last week, he soothed his listeners by saying the U.S. is nowhere near a real "runaway inflation,"* probably never will be. But on how U.S. price controls will develop, he was...
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