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Ushering in a decade of low growth and high inflation in the US economy, in 1971 President Nixon imposed wage and price controls in an effort to insure his reelection, oh wait that's not right - it must be, in an effort to combat inflation, that's it.
Yeah that worked out well Dick.
Nowadays most people think price controls do not exist in our "capitalist" economy, but you might be surprised how many products and services are subject to government intervention in prices.
I think there was maybe one sentence in this speech that wasn't a lie -
I'm Not A Crook's Head - https://youtu.be/-P7peu7Wy7w
Nixon's Back! - https://youtu.be/ZHoqWQB3Cp4
I Just Can't Believe You Are Such A Fool - https://youtu.be/UAf71o8f27E
Do You Remember Your President Nixon? - https://youtu.be/KSHY1_ux8rs
Interventionism:(Rent Control, Wage Laws, Unions, Tariffs) - Block - https://mises.org/library/interventionism-rent-control-wage-laws-unions-tariffs
Price Controls - Rothbard - https://mises.org/library/4-price-controls
The TV picture is High Definition Now, That's All - https://mises.org/library/nixonian-socialism
How The Price System Works (XV-XIX) - Hazlitt - https://fee.org/resources/economics-in-one-lesson/#calibre_link-0
Venezuela - https://mises.org/wire/price-controls-are-disastrous-venezuela-and-everywhere-else
Four thousand years of price controls - DiLorenzo - https://mises.org/library/four-thousand-years-price-control
Inflation and Price Control - Mises - https://mises.org/library/inflation-and-price-control