Nixon imposed wage and price controls and it was an abject failure.
price controls = increased demand and decreased supply = shortages + hoarding + waiting lines + increased inefficiency + rationing = economic chaos = decreased production = decreased supply = even more shortages = increased misery & suffering
Big government doesn’t solve problems, it only makes them worse or creates new problems that are worse
Absolutely unbelievable... the only thing that needs to be controlled (preferably eliminated), are the innumerable libtard morons who know nothing of history and who have infested and destroyed every facet of what once was a thriving country...
I always think of the story Rush told on his program about price controls.
He said he worked in a grocery store as a teenager during Nixon’s price control mandates.
The manager told him to re-name everything from the price control list to things not on the price control list - so a “t-bone steak” became a “rump roast” to avoid the controls.
Stupid buttons from the Ford President era. For a scam that Governments have been doing since Roman times you'd think people would catch on to the real reason you have inflation.
Price controls inevitably lead to rationing. Get used to standing in line for your weekly ration of gasoline and soon food lines at the grocery store just like in Venezuela. If I hear one complaint from the Trump loathers, I will simply say well you voted for this and you should be happy that the SOB Trump isn’t POTUS so you could have this mess.