Showing posts with label Richard Nixon. Show all posts
Showing posts with label Richard Nixon. Show all posts

Monday, November 05, 2012

A Little Casuistry Goes a Long Way—Price Controls Means Rationing & Shortages

A Little Casuistry Goes a Long Way: "Taking a page out of Richard Nixon's failed price controls—"

We are not too proud—we readily adopt the methods of the USSR to limit supplies and ensure shortages in order to provide politicians short-term popularity.