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  #126  
Old May 31st 04, 04:35 AM
Steven P. McNicoll
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"Mike Dargan" wrote in message
news:6Dxuc.22383$eY2.3247@attbi_s02...

Richard Nixon imposed wage/price controls in August of 1971 thereby
fostering shortages and inflationary expectations. He then bungled
relations with OPEC and IRAN causing a series of supply-side oil shocks.
It was Gerald Ford who gave us the WIN (Whip Inflation Now) buttons
as the economy spiraled out of control. The notion that Carter created
stagflation is absurd. His policies provided the ultimate remedies.


What policies were those?