Forty Centuries of Failure: Price Controls, Debasement and Tyranny
August 15th was the anniversary of the infamous "Nixon Shock" which not only ended USD to gold convertability ("temporarily") - but also enacted a wage and price controls.
It set off "The Fiat Era" and began the inexorable process of grinding the middle class into dust.
When politicians tell you they want to be able to control prices, believe them - but what the public must understand is that for forty centuries, price controls have always meant serfdom.
It set off "The Fiat Era" and began the inexorable process of grinding the middle class into dust.
When politicians tell you they want to be able to control prices, believe them - but what the public must understand is that for forty centuries, price controls have always meant serfdom.
