Food for thought! This article makes a good point! Watergate was a distraction!
"... On Sunday August 15, 1971, against the advice of his economic counselors, and in total repudiation of his party’s campaign platform, he announced on national TV that he was suspending the gold standard, imposing a 10 percent tariff surcharge, and imposing wage and price controls. ...
In 1981, just eight days after taking office, President Ronald Reagan swept away the federal price and allocation controls on domestic oil and refined products. ..."
No comments:
Post a Comment