Price Controls, Black Markets, And Skimpflation: The WWII Battle Against Inflation   Leave a comment

Link: https://www.npr.org/sections/money/2022/02/08/1078035048/price-controls-black-markets-and-skimpflation-the-wwii-battle-against-inflation

During World War II, when inflation was very high, the United States government took many different actions to fight it including implementing an income tax, rationing, and price ceilings. Today we have the Federal Reserve which means we will hopefully not have to resort to these drastic measures to fix inflation ever again.

Original Air Date: February 8, 2022

Length: 23 Minutes 24 Seconds

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