The Great Matzo Ball Debate In 1972, AFL-CIO boss George Meany complained that the number of matzo balls in his favorite soup had sunk from four to three, in effect raising the price.
C. Jackson Grayson, chairman of the U.S. Price Commission, was worried about the bad publicity, so on Face the Nation he triumphantly held aloft a can of Mrs. Adler’s soup claiming that his staff had opened many cans and concluded there were still four balls per can.
Whoever was right about the soup, Meany was certainly the better economist: Price ceilings reduce quality.
C. Jackson Grayson, chairman of the U.S. Price Commission, was worried about the bad publicity, so on Face the Nation he triumphantly held aloft a can of Mrs. Adler’s soup claiming that his staff had opened many cans and concluded there were still four balls per can.
Whoever was right about the soup, Meany was certainly the better economist: Price ceilings reduce quality.
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