Those who don't learn from -- or are in any condition to remember -- history are apparently condemned to repeat it.
All three presidents who held office during the 1970s -- Richard Nixon, Gerald Ford and Jimmy Carter -- all faced issues with inflation. All tried price and/or wage controls to get it under control. All, rather predictably, failed.
President Joe Biden either didn't learn anything from that malaise of a decade or has (rather plausibly) forgotten it. He's taking the same approach, albeit with a slightly different tack: Instead of implementing price controls directly, he's taking to the bully pulpit to tell those lying dog-faced pony soldier corporations not to mess with Corn Pop and start messing with prices or they'll have something to worry about, jack.
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