​Forty Centuries Of Failure: Price Controls, Debasement, & Tyranny – Tyler Durden

Forty Centuries Of Failure: Price Controls, Debasement, & Tyranny Authored by Mark Jeftovic via BombThrower.com, It hasn’t worked once, so why would a politician go all-in on price controls now? August 15th was the anniversary of the infamous “Nixon Shock”, when excessive spending and trade deficits had governments on the ropes, as prices climbed relentlessly, inflation soared into the double digits, while economic growth stalled. In 1971 of that year, Nixon “temporarily” suspended convertibility of the US dollar for gold (still in effect), while simultaneously proclaiming a 90-day freeze on all wages and prices across the United States. The stagflationary 70’s also…  — Continue at ZeroHedge News : Read More