3 ms·

The inflation rate might have peaked under Carter (13%), but not by a lot. The annual inflation rate was 11% in 1974. https://www.macrotrends.net/countries/USA

The inflation rate might have peaked under Carter (13%), but not by a lot. The annual inflation rate was 11% in 1974. https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi https://www.macrotrends.net/countries/USA/united-states/infl... It blows my mind to think that Nixon, in an effort to combat inflation, unilaterally decreed that there would be price and wage freezes across the board. There was certainly dissent and discussion about it, but nobody stormed the capital, nobody called for blood. Imagine what would happen today if Biden tried the same edict. https://en.wikipedia.org/wiki/Nixon_shock https://en.wikipedia.org/wiki/Nixon_shock

daniel-cussen 5y ago
Nobody would storm the capital, nobody would call for blood.
- kingkawn 5y ago
  Both of those things have already happened
  - js2 5y ago
    https://en.wikipedia.org/wiki/Poe%27s_law https://en.wikipedia.org/wiki/Poe%27s_law
- tasty_freeze 5y ago
  The completely 100% ordinary process of certifying the election on Jan 6, 2021 resulted in people storming the capital and multiple people dying; others had mace and restraining cuffs and have been filmed seeking out targets, including Mike Pence and Nancy Pelosi. In Michigan, a group of armed men stormed the state capital because they thought asking people to wear masks during a pandemic was tyrannical government overreach. Another group were arrested for plotting to abduct the same governor for the same reason. Imagine Biden decreed what Nixon did: nobody can raise the price of any goods or services and nobody can get a pay raise until I say so. You really doubt that there wouldn't be an armed rebellion?
  - mhh__ 5y ago
    The FBI also found people planting bombs at the DNC building IIRC
  - flavius29663 5y ago
    btw, the group that plotted to kidnap the governor was not found guilty, because FBI "double-agents" pushed them so hard on this that the jury considered it entrapment.
refurb 5y ago
You must be young. There were several race riots in the late 60’s. The National Guard was called out. Bombing campaigns by radical groups, kidnappings. Many violent protests about the Vietnam war. It wasn’t that different just because nobody protested price controls.

daniel-cussen 5y ago

Nobody would storm the capital, nobody would call for blood.

kingkawn 5y ago
Both of those things have already happened
- js2 5y ago
  https://en.wikipedia.org/wiki/Poe%27s_law https://en.wikipedia.org/wiki/Poe%27s_law
tasty_freeze 5y ago
The completely 100% ordinary process of certifying the election on Jan 6, 2021 resulted in people storming the capital and multiple people dying; others had mace and restraining cuffs and have been filmed seeking out targets, including Mike Pence and Nancy Pelosi. In Michigan, a group of armed men stormed the state capital because they thought asking people to wear masks during a pandemic was tyrannical government overreach. Another group were arrested for plotting to abduct the same governor for the same reason. Imagine Biden decreed what Nixon did: nobody can raise the price of any goods or services and nobody can get a pay raise until I say so. You really doubt that there wouldn't be an armed rebellion?
- mhh__ 5y ago
  The FBI also found people planting bombs at the DNC building IIRC
- flavius29663 5y ago
  btw, the group that plotted to kidnap the governor was not found guilty, because FBI "double-agents" pushed them so hard on this that the jury considered it entrapment.

refurb 5y ago

You must be young. There were several race riots in the late 60’s. The National Guard was called out. Bombing campaigns by radical groups, kidnappings. Many violent protests about the Vietnam war. It wasn’t that different just because nobody protested price controls.