History Shows us this ALWAYS Ends Badly

Politicians always feel the need to do something even if they don't know why or what's actually wrong. That's all "price controls" really are since they sure don't control anything like prices. Unknown to most people, the US has already experimented with them running price and wage restrictions for several years. The results are conclusive. Eurodollar University's Money & Macro AnalysisRobert Bleiberg Farewell to Wage and Price Controlshttps://imprimis.hillsdale.edu/farewell-to-wage-and-price-controls-july-1974/Richard Nixon August 15, 1971 TV addresshttps://www.youtube.com/watch?v=7_Xw5tWsOQohttps://www.cvce.eu/content/publication/1999/1/1/168eed17-f28b-487b-9cd2-6d668e42e63a/publishable_en.pdfArthur Burns Testimony before Congress Joint Economic Committee June 1971https://fraser.stlouisfed.org/files/docs/historical/burns/Burns_19710630.pdf?utm_source=direct_downloadArthur Burns Testimony before Congress Joint Economic Committee July 1971https://fraser.stlouisfed.org/files/docs/historical/burns/Burns_19710723.pdf?utm_source=direct_downloadNYT NIXON FREEZES PRICES FOR UP TO 60 DAYS, THEN WILL ESTABLISH PHASE 4 CONTROLS; FARM PRICES, WAGES, RENTS UNAFFECTEDhttps://www.nytimes.com/1973/06/14/archives/nixon-freezes-prices-for-up-to-60-da-ys-then-will-establish-phase-4.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU