CONTROLS: Needed: A Free Market

CONTROLS Needed: A Free Market When the U.S. Army tried to buy 13 million Ibs. of beef last week, all major U.S. packers refused the business. Only two small companies submitted bids—for a mere 190,000 Ibs. With soldiers' meat rations running low, the Army announced that it would try to find the beef overseas.

Many a Fair Dealer jumped to the conclusion that the meat industry was putting profits before patriotism. But in Chicago, the A.F.L. Meat Cutters' union put the blame squarely on price controls. The union made it clear that the packers could not sell the beef because they...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!