That has never stopped presidents before. In response to inflation in 1971 President Nixon issued an executive order making it illegal to raise prices for several months and before him FDR went even farther with rationing and controlling wages.
Inflation is actually super easy to control. You just need to be willing to threaten business leaders with serious jail time.
Well TIL, I always thought that executive orders were a way to bypass Congress. I know that there was a Democratic Congress in 1971, I wonder why they rubber stamped that for Nixon.
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That has never stopped presidents before. In response to inflation in 1971 President Nixon issued an executive order making it illegal to raise prices for several months and before him FDR went even farther with rationing and controlling wages.
Inflation is actually super easy to control. You just need to be willing to threaten business leaders with serious jail time.
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Well TIL, I always thought that executive orders were a way to bypass Congress. I know that there was a Democratic Congress in 1971, I wonder why they rubber stamped that for Nixon.
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Yes, and we see how that worked. The inflation in the 1970s was crazy