Much similar to this has happened in india in 1984 emergency imposed by Indira Gandhi.

They are both part of the same Cabal. Wrong is wrong no matter how you slice it. "Those who don't remember the past are condemn to repeat it" - Santayana

"As President George W. Bush put it in 2008, sometimes you have to “abandon free-market principles to save the free-market system.”" Its funny how they impose these on the people under them, especially when as a president there is no wage increase.

On paper it looks like a great idea, just like socialism. Everything devolves when we face price controls and handouts.

Yup

The party lines were so odd back then -- I don't know if you remember Bill Green, the Republican Representative from NYC, but he was way further to the left than probably at least half the Dems back then.

I just found this out recently.

As they say, only Nixon could go to China.

That's a great thing for them

90 second clip

Nixon was worried about price gouging not gauging.

Either way terrible decision by Nixon

I don’t know who the author is trying to kid, but people just loved the first freeze. Inflation had just started to run and Nixon was running, too. They voted him in solidly. Then the economic reactions hit after the inauguration, they were not nice. Nixon pulled himself out by negotiating a way out of ‘Nam, thus focusing attention on the war and peace. Then Watergate hit big time.