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sop

(18,866 posts)

1. Nixon issued Executive Order 11615.

Reply to orangecrush (Original post)

Thu May 12, 2022, 02:55 PM

May 2022

"In August 1971, President Richard M. Nixon issued Executive Order 11615 to impose the first wage and price controls since World War II. They were intended to suppress inflation, which at the time was less than 5 percent."

https://www.cato.org/blog/get-ready-price-controls-inflation-accelerates

Biden will be labeled a socialist if he imposes wage and price controls.

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GAS PRICES - Please enlighten me [View all] orangecrush May 2022 OP

Nixon issued Executive Order 11615. sop May 2022 #1

Those wage and price controls only made the inflation worse. PoindexterOglethorpe May 2022 #4

That's why Biden won't do it. sop May 2022 #5

My standard response to conservatives blaming Biden for gas (and other) prices. Midnight Writer May 2022 #6

we need to produce more Tickle May 2022 #8

Biden, like most all Democrats Mr.Bill May 2022 #9

It's happening worldwide underpants May 2022 #2

Nope. The president has already taken most stopdiggin May 2022 #3

There's not much that can be done... and little political will to do the things that would help. WarGamer May 2022 #7

He could give us all a stimulus check leftstreet May 2022 #10

Now you're talking. Send them out a couple of months before the election. Drive the GOP crazy. sop May 2022 #11

It seems like something could be done. Gas shouldn't be this high... SKKY May 2022 #12

In Michigan, it's about $1.15 a liter. roamer65 May 2022 #13