Twenty Years of Wage and Price Controls

The Heritage Foundation, a non-profit public policy research center, sponsored a forum examining the effect of President Nixon’s wage… read more

The Heritage Foundation, a non-profit public policy research center, sponsored a forum examining the effect of President Nixon’s wage and price controls on the economy and the country since they went into effect August 15, 1971. The wage and price controls prohibited wage and price increases for a 90 day period in the United States, with the intention of creating stability in wages and prices. Participants in the forum argued over the results of the wage and price freeze, which Mr. Pines said reduced America’s economic competitiveness and did not aid the economy. Mr. Niskanen called the wage and price controls one of the grossest abuses of presidential power since World War II, despite the high public favor it enjoyed at its inception. He said the event marked another step in the erosion of public law in American economic life. close

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Twenty Years of Wage and Price Controls

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Program ID:
20136-1
Category:
Public Affairs Event
Format:
Forum
Location:
Washington, District of Columbia, United States
First Aired:
Aug 6, 1991
Last Aired:
Aug 11, 1991

Airing Details

  • Aug 06, 1991 | 4:01pm EDT | C-SPAN 2
  • Aug 06, 1991 | 8:05pm EDT | C-SPAN 1
  • Aug 07, 1991 | 12:12am EDT | C-SPAN 2
  • Aug 07, 1991 | 6:50am EDT | C-SPAN 1
  • Aug 11, 1991 | 12:30am EDT | C-SPAN 2
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Twenty Years of Wage and Price Controls

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