President Biden has begun to accuse stores of overcharging shoppers, as food costs remain a burden for consumers and a political problem for the president.
I’m not talking about subsidies, I’m talking about the “president dictating prices”, i.e., price controls. Richard Nixon tried this in 1971, it was a failure and it set the stage for the stagflation of that decade.
Ranchers stopped shipping their cattle to market, farmers drowned their chickens, and consumers emptied the shelves of supermarkets.
I’m not talking about subsidies, I’m talking about the “president dictating prices”, i.e., price controls. Richard Nixon tried this in 1971, it was a failure and it set the stage for the stagflation of that decade.
https://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_nixongold.html