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Anyone but Trump is your policy. |
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Markus |
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I remember when Canada and the USA had price controls in the 70s and I actually researched and did a paper on it for one of my political science classes in University.
Bottom line, it can work, but it is a temporary fix, you will freeze/slow down price/wage/profit hikes while controls are in place, but prices/wages will more or less catch up as soon as the controls are lifted. In practice, you also need a whole bureaucracy in place to make sure prices are not being raised and reviewing when prices/wages should be allowed to raise for economic reasons, since a total price/wage/profit freeze is impossible. Bottom line, sounds good in theory, but not worth the disruption to the economy in practice. This is also not a right/left issue, Nixon put it in place in the USA. The Conservative Party ran on it in the 1974 federal election, lost and then the Liberal Party put then in place a few months later. |
Fake or true ?
Someone posted following on fb "So now he is selling cereal for $25 a box" $25 for a package of cereal :o Must be fake since he have attacked stores and companies who has been taken to much for the products. Markus |
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I'd like to point out energy cost has skyrocketed as well. Last months electric bill for my home was $506 US dollars. Last year the average for July was $340 US dollars. Trump years $250 average. Price fixing food costs ain't going to cut it. |
Okay, I’ll bite. Prices were even lower during the Obama years so just what is that underlying problem that Captain DJT Bonespurs has explained a solution for? Drill baby drill? We’re already doing that. Bringing manufacturing back domestically? We’re already doing that. Bringing down inflation? We’re already doing that.
Trump’s big economy speech was entirely bereft of substance. He has no clue. |
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I asked what the underlying problem is you referred to.
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