• This is a political forum that is non-biased/non-partisan and treats every persons position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Economy worse in 1971

oldreliable67

DP Veteran
Joined
Oct 3, 2005
Messages
4,641
Reaction score
1,102
Gender
Male
Political Leaning
Undisclosed
The economy was so bad 8/15/71 that Pres Nixon put a freeze on rents, wages and prices...

ricksfolly
Yep, and effectively took the US off the Bretton Woods exchange rate regime.

He espoused the "New Economic Plan" or "NEP", which was the same name given to a previous plan by Lenin in 1921 (IIRC). :)
 

ricksfolly

DP Veteran
Joined
Dec 28, 2009
Messages
2,236
Reaction score
232
Location
Grand Junction, CO 81506
Gender
Male
Political Leaning
Independent
Yep, and effectively took the US off the Bretton Woods exchange rate regime.

He espoused the "New Economic Plan" or "NEP", which was the same name given to a previous plan by Lenin in 1921 :)
It was a desperate measure and probably the only time it ever happened, but what surprised me the most was that the Dems went along with it.

ricksfolly
 
Top Bottom