Re: OT: Inflation in the US

On Jan 18, 6:42 pm, MooseFET <kensm...@xxxxxxxxx> wrote:

Remember the wage and price controls
and all the distortions it caused in the economy.  

They started with Hoover as a matter of peacetime economic policy.
FDR embraced and expanded those programs, and more importantly made
them popular. (Of course, it actually made matters much worse.
Politiking is a sales job -- FDR was good at one thing, and that thing
was sales.)
.