When inflation last emerged in a major way on the American economic scene in 1974, President Gerald Ford’s Administration decided to fight it largely through a public relations campaign – Whip Inflation Now (WIN). It urged Americans to wear WIN buttons, save, and refrain from spending on high-priced items.
WIN failed miserably and humiliated the Ford Administration. But at least President Ford took a shot at doing something.
The current administration seems intent on avoiding the issue. Congress is more focused on punishing U.S.-based tech companies, which have driven economic growth and vitality for the past two decades, than fighting inflation.
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