The American political order in the 1970s was very different from the present day's. Nixon's wage and price controls were the straw that broke the camel's back, in this regard. It's not surprising that a classically liberal party would be founded in response to them, although ultimately this was a minor factor, if one at all, in shifting prevailing views in such matters.

Open thread, Dec. 15 - Dec. 21, 2014

by Gondolinian 1 min read15th Dec 2014309 comments

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