Senator Taft talking with friends on OPA

The transcript discusses the original OPA legislation and the support for price control. It highlights the challenges faced by small businesses due to stringent and complex controls, leading to losses and a shift to the black market. The breakdown of food control, especially in meat, is a significant concern. The speaker suggests that removing price control and improving rationing might be the only remedy.

What was the speaker's role in the original OPA legislation?

• They opposed the legislation.

• They criticized the legislation.

• They helped draft the legislation.

• They were unaware of the legislation.

What challenge do small businesses face due to stringent price controls?

• Lack of skilled labor

• Excessive taxation

• Inability to operate without a loss

• Increased competition

What has been a consequence of stringent price controls in the food industry?

• Increased food production

• Emergence of black markets

• Lower food prices

• Improved food quality

Which food items are mentioned as being affected by black markets?

• Grains and cereals

• Meat, eggs, and potatoes

• Fruits and vegetables

• Dairy products

What solution does the speaker propose for the issue of price control?

• Ignoring the issue

• Removing price controls and improving rationing

• Implementing stricter regulations

• Increasing price controls