[wideawake]

I'd love to know who suggested it to him.

Federal Reserve Chairman Arthur Burns, who suggested to him that centrally planned wages and prices were the perfect complement to centrally planned interest rates.

[21stCenturyFreeThinker]

Federal Reserve Chairman Arthur Burns, who suggested to him that centrally planned wages and prices were the perfect complement to centrally planned interest rates.

Thanks for the info.

Fighting Communism with "centrally planned wages and prices" does seem like a bit of a contradiction (rolling eyes and sadly laughing).