Research Reports - 08/14/1950
Apparently production in this country can readily be expanded in the short run by increasing the effectiveness and efficiency of the three factors of production. The factors of production are not already being used as effectively as they could be largely because of restrictions imposed by the Federal Government and other agencies. Therefore, it would seem to be wise to eliminate the restrictions that now exist rather than try to put American industry in a new strait-jacket of unnecessary controls. We can increase production substantially if we only choose to do so.