Nixon Economics

[Earth Wind and Fire]

Something to think about…it stabilized the economy and tapped down inflation. Could the USA implement this and tweak the process to deliver a possible solution to our ever rising prices…think on it.

Economic Stabilization Act of 1970 - Wikipedia

en.m.wikipedia.org

 

[Dr. Bob]

Not a fan of mandated price-controls by Washington bureaucrats. Slippery slope.

 

[Earth Wind and Fire]

Not a fan of mandated price-controls by Washington bureaucrats. Slippery slope.

Nor am I but as I understand it worked for a time. I was 13 yo so I did not experience it to anything significant. I’d be requesting information from your age group as to how well it operated. Thanks.