>19th-century understanding They are a late 20-century understanding of inflation, if we take as our pragmatic yardstick actions by the chief executive of the

>19th-century understanding They are a late 20-century understanding of inflation, if we take as our pragmatic yardstick actions by the chief executive of the world’s most powerful state: https://www.econlib.org/archives/2016/12/nixons_wage_and.html https://www.econlib.org/archives/2016/12/nixons_wage_and.htm... Edit: >lie believably Thing is, the lies are believed, by many. From link above, Nixon’s Treasury Secretary: >Connally [August 12, 1971]: ”To the average person in this country this wage and price freeze–to him means you mean business. You’re gonna stop this inflation. You’re gonna try to get control of this economy. ...