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(The Year 2012 In Review)
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|User Info||Heh, Someone Gets It (Buiter); entered at 2010-04-29 10:06:40|
Registered: 2009-03-19 Just North of Detroit
I was working during the Nixon wage price freeze. It was a year and a half disaster. It didn't work. There are too many ways to game things. Want to raise prices? You withdraw all your current models and the new ones are all priced higher. Worse some people will just withdraw from the market if they can't get what they expect. So we have shortages. (and black markets)