It Hasn't Worked Once, So Why Would A Politician Go All-In On...

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2024-08-25 23:11:22 - Translate -

The stagflationary ’70s also saw Trudeau the 1st enact “The Anti-Inflation Act of 1975”, with his infamous “6 and 5” measures (a 6% cap on wage increases with a 5% cap on prices was supposed to put 1% back into the pocket of the peasants).
https://www.activistpost.com/2024/08/it-hasnt-worked-once-so-why-would-a-politician-go-all-in-on-price-controls-now.html

The stagflationary ’70s also saw Trudeau the 1st enact “The Anti-Inflation Act of 1975”, with his infamous “6 and 5” measures (a 6% cap on wage increases with a 5% cap on prices was supposed to put 1% back into the pocket of the peasants). https://www.activistpost.com/2024/08/it-hasnt-worked-once-so-why-would-a-politician-go-all-in-on-price-controls-now.html

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It Hasn't Worked Once, So Why Would A Politician Go All-In On Price Controls Now? - Activist Post

Today, 50 years later with a monetary regime that makes the '70s look austere, double-digit interest rates are simply not an option.

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