They are both part of the same Cabal. Wrong is wrong no matter how you slice it.
"Those who don't remember the past are condemn to repeat it" - Santayana
"As President George W. Bush put it in 2008, sometimes you have to “abandon free-market principles to save the free-market system.”"
Its funny how they impose these on the people under them, especially when as a president there is no wage increase.
The tea party basis was forming before 2008. Ron Paul had been around a long time by then and was popular with the people in the know. Lew Rockwell had his website up and running and was getting some high powered anti-war folks going, too.
The party lines were so odd back then -- I don't know if you remember Bill Green, the Republican Representative from NYC, but he was way further to the left than probably at least half the Dems back then.
Oh yeah, Lindsay was a bit before me, but I remember reading about him. And yeah, I remember Rockefeller Republicans. Pretty sure it's been a long time since that term could be applied to anyone.
I'm so old I remember watching the announcement on TV with my dad. He was a free market capitalist, but he also loved Nixon. He just assumed Tricky Dick knew what he was doing
Many things look good on paper but in practice they are terrible. So many people fail to take into account that we live in an imperfect world when designing their “utopias” on paper.
I don’t know who the author is trying to kid, but people just loved the first freeze. Inflation had just started to run and Nixon was running, too. They voted him in solidly.
Then the economic reactions hit after the inauguration, they were not nice. Nixon pulled himself out by negotiating a way out of ‘Nam, thus focusing attention on the war and peace. Then Watergate hit big time.
They are both part of the same Cabal. Wrong is wrong no matter how you slice it. "Those who don't remember the past are condemn to repeat it" - Santayana
Yep
"As President George W. Bush put it in 2008, sometimes you have to “abandon free-market principles to save the free-market system.”" Its funny how they impose these on the people under them, especially when as a president there is no wage increase.
I'll never forget the fall of 2008, watching the president from the supposed free market party socialize our economy in the span of a few weeks.
They werent the only people to panic, though. Everyone was busy unloading everything they could.
Any wonder why the Tea Party formed after 2008 financial crisis? Why populism became popular after 2009?
Tea Party on the right Occupy Wall Street on the left
Edit: and Bitcoin quietly gestating outside it all. How could I forget.
The tea party basis was forming before 2008. Ron Paul had been around a long time by then and was popular with the people in the know. Lew Rockwell had his website up and running and was getting some high powered anti-war folks going, too.
The party lines were so odd back then -- I don't know if you remember Bill Green, the Republican Representative from NYC, but he was way further to the left than probably at least half the Dems back then.
I kind of remember the name. NYC Mayor Lindsay was pretty far left too. In New York those guys were called Rockefeller Republicans.
Oh yeah, Lindsay was a bit before me, but I remember reading about him. And yeah, I remember Rockefeller Republicans. Pretty sure it's been a long time since that term could be applied to anyone.
John Rockefeller was a regular Republican not a Rockefeller Republican like his grandson
That's for sure!
As they say, only Nixon could go to China.
That was a smart move in 1972. A diplomatic revolution
The price controls not so much, though.
Much similar to this has happened in india in 1984 emergency imposed by Indira Gandhi.
I just found this out recently.
I'm so old I remember watching the announcement on TV with my dad. He was a free market capitalist, but he also loved Nixon. He just assumed Tricky Dick knew what he was doing
Tricky was a silent populist
He consistently ignored the advice of Milton Friedman
On paper it looks like a great idea, just like socialism. Everything devolves when we face price controls and handouts.
Many things look good on paper but in practice they are terrible. So many people fail to take into account that we live in an imperfect world when designing their “utopias” on paper.
They don’t look good on paper. They sound good on television.
Appeals to emotion and compassion
Sentiment cannot be the basis of public policy
@didiplaywell
90 second clip
view on youtu.beGod bless him
About 2 minutes
Edit: almost 3 minutes. Where did 3 dollars go?
Yup
I don’t know who the author is trying to kid, but people just loved the first freeze. Inflation had just started to run and Nixon was running, too. They voted him in solidly. Then the economic reactions hit after the inauguration, they were not nice. Nixon pulled himself out by negotiating a way out of ‘Nam, thus focusing attention on the war and peace. Then Watergate hit big time.
That's a great thing for them
Nixon was worried about price gouging not gauging.
Either way terrible decision by Nixon
Yep that's a point here