- Jan 19, 2010
- 71,485
- 67,169
- 3,605
No you didn't... think back to what the economy was like....I survived it when Richard Nixon put the country under "communist" rule.
Nixon issued Executive Order 11615 (pursuant to the Economic Stabilization Act of 1970), imposing a 90-day freeze on wages and prices in order to counter inflation. This was the first time the U.S. government had enacted wage and price controls since World War II.
How about you?