Chester B. Bowles, Administrator of the Office of Price Administration, announces to the national media that black market economic activity, due to wartime price controls and rationing is around 1,000,000,000 “dollars” annually, which is nearly one-half percent of the gross national product.
[restored 8/7/2022]
Subsequent Events:
References:
Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 358.
Current U.s. National Debt:
