HOW TO SOLVE THE PROBLEM OF PRICES.
By the DUKE OF MARLBOROUGH
TN a previous article I gave this «d- ---* vice: "First of all abolish the plan of fixed prices for various commodities." I have always thought it iiignly unsatisfactory to fix the pnc e of agricultural produce. Limitation of price operates with dual effect. It encourages consumption; it discourages production. This has been the experience of all Governments which .uave attempted to lix a maximum price of food supplies. In nearly every case the maximum prices of tlie finished products of agriculture have been fixed, while a limitless price still prevails for all raw material employed. It has been impossible, therefore, for an intelligent fa-rmer to forecast the cost of production, bmce no one can determine tile cost of possibly decide what the maximum production, by what process can you possibly decide what the maximum price should be for the finished product? xhe farming community, i.e., the nation's food producers, might find themselves heavy losers under this system..
In The London Daily News.
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Bibliographic details
Wanganui Chronicle, Volume LX, Issue 16949, 9 April 1917, Page 2
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174HOW TO SOLVE THE PROBLEM OF PRICES. Wanganui Chronicle, Volume LX, Issue 16949, 9 April 1917, Page 2
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