[William Tell]

Scooter100 said: "A strict wage/price freeze might delay things during economic surgery for a little while, ..."

I can't imagine anything more incendiary than a government mandated freeze on private wages and prices.

One immediate consequence of a true "freeze" would be that the one trillion dollar deficit would be made permanent, assuming that a tax rate freeze was included.

[Scooter100]

I detest wage/price controls. They go against everything I believe about the free market. But if you're in a run-away inflation situation, how do you help those of us on fixed incomes? I'm not really sure of all the pros and cons of a W/P freeze...forgot most of that single term of Economics I took. Hey, I was one of those illiterate engineers!

The way I see it, the deficit problem is due to uncontrolled spending. A freeze might allow time to cut that spending and get the house in order, while protecting those who stand to lose the most during extreme inflation.