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You mean like OPEC? Also, I did not even mention price or supply fixing: prices can be stable for reasons outside governmental and/or monopolistic-evildoer's d
by DocTomoe 5y ago
You mean like OPEC?
Also, I did not even mention price or supply fixing: prices can be stable for reasons outside governmental and/or monopolistic-evildoer's direct control.
- WalterBright 5y agoI meant Nixon's price and allocation controls he imposed on gas. The proof that the lines were not OPEC's doing is the moment Reagan repealed those controls, the gas lines disappeared and never came back. And I mean the moment. Gas lines one day, gone the next.