Remembering Nixon’s Wage and Price Controls
Remember “TARP,” “Too Big to Fail,” “Government Motors,” “pay czar,” the buzzwords of the Bush‐Obama era? They reflected a disturbing trend toward presidential interference in economic life. Forty years ago this week, President Richard Nixon showed us just how dangerous unchecked executive power can be to the free‐enterprise system. On Aug. 15, 1971, in a … Read more