LindaCollins11Feb 10, 2024
Real mystery 🙄
Show threadIvanTheBlue

@LindaCollins11
If only there were historic examples of effective policy.

If only this had happened before and we wrote down how the problem was fixed.

If only some Great Depression had already been avoided, we could look and see how it was done.

Gosh, if only we had that and a President who wasn't bought and paid for, we'd have a decent chance of solving this problem.

If only...

Feb 10, 2024 at 7:06pmWeb
Show threadSFborn1940Feb 10, 2024
@IvanTheBlue @[email protected] cial 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.
Nixon was a Republican.
Show threadIvanTheBlueFeb 11, 2024

@trainman
Yeah, but did it work though?

Effective policy is effective policy. You're allowed to embrace one idea without subscribing to a whole ideology; if you found a gold ring in the trash, would you take the whole trash can home?

Show threadSFborn1940Feb 11, 2024
@IvanTheBlue As I recall it did more good than harm, as a temporary policy.