4 ms·
That was not my point, but thanks for pointing out a paragraph in the source that I provided. I do notice a few 'citations needed' in the relevant clauses. Even
by random_upvoter 4y ago
That was not my point, but thanks for pointing out a paragraph in the source that I provided. I do notice a few 'citations needed' in the relevant clauses. Even so, if Nixon's policies resulted in failure that's not a reason for politicians today to just throw their hands in the air and declare that nothing can be done politically because "market dictates".
- epups 4y agoWell, if the one measure you point out as what the government could do today led to worse outcomes, then I do think they should abstain from that kind of interference in the future. I don't think price controls have worked anywhere.
- random_upvoter 4y agoSo what's the plan now? Let this thing run its course until there are food riots in the USA?
- epups 4y agoIronically, price controls are more likely to get us in that scenario, as they typically preclude shortages.
- random_upvoter 4y agoYou are very confident in your knowledge about a lot of things.
- panphora 4y agoWhen you noodle around in the market "to do what's right", you end up creating a new set of problems down the road when the expectation of getting bailed out becomes part of the market's future calculations. See: FED keeping rates low for over a decade leading to complacency at banks who assume if things get really bad, FED will pivot rate hikes and they'll get bailed out again.