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Home » ​It Hasn’t Worked Once, So Why Would A Politician Go All-In On Price Controls Now? – Tyler Durden

​It Hasn’t Worked Once, So Why Would A Politician Go All-In On Price Controls Now? – Tyler Durden

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​It Hasn’t Worked Once, So Why Would A Politician Go All-In On Price Controls Now? – Tyler Durden

It Hasn’t Worked Once, So Why Would A Politician Go All-In On Price Controls Now? Authored by Mark Jeftovic via TheNationalTelegraph.com, 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 saw Trudeau the 1st enact “The Anti-Inflation…  — Continue at ZeroHedge News : Read More