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- Title
Nixon's Famous Price Freeze Did Stop Inflation.
- Authors
Ellis, Barbara G.
- Abstract
Now, because the Federal Reserve and economic "royalty" have yet to arrest inflation, some of today's article writers are raising danger flags about any thoughts or moves to resurrect Nixon's four-year New Economic Policy (NEP): "Nixon Taught Us How Not to Fight Inflation " and "How Nixon Destroyed the Dollar ." As both Nixon and Patman knew, a brouhaha in Congress drew national media coverage and exposed the issues--seemingly bad for the President, but good for Patman and his inflation fighters, and a hopeful sign to a public waiting for them both to "do something" about inflation's seemingly unstoppable rise. So when Nixon had scarcely unpacked in the White House, Patman probably made sure Nixon knew he was leading a sizeable bipartisan movement in both houses to pass bills "doing something" about inflation.
- Subjects
NIXON, Richard M. (Richard Milhous), 1913-1994; PRICES; CONSUMER price indexes; PRICE inflation; FOOD prices; BUSINESSPEOPLE
- Publication
CounterPunch, 2022, p1
- ISSN
1086-2323
- Publication type
Article