Learning From Nixon About Using Price Controls To Curb Inflation

For the last 2 1/2 years, price inflation has been eating away the paychecks and savings of the public. Consumer prices are up roughly 20% since 2020, according to consumer price index data, and recent polls show the public believes inflation is the single biggest problem facing the country. Unfortunately, many are so concerned about inflation that they are advocating “solutions” that would do tremendous damage to the economy and families. Buried in a CBS poll released this week, which showed 59% of respondents disapprove of President Joe Biden’s handling of the economy, was this question: “To try and control…