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Politics, Gasoline Prices, and Price Controls

KenH

Well-Known Member
“The good news is that the direct price controls of the past appear to be dead and buried. Even though the public and officials blame the 1970s gas lines and rationing on OPEC and the “embargo,” economists have concluded that our troubles were the result of price controls imposed by President Nixon on large oil companies leading to significant shortages.”

- rest of article at https://www.cato.org/blog/politics-gasoline-prices-price-controls
 
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