"Dee D. Flint" wrote:

You know Nixon tried wage and price controls and we
started developing shortages. Other countries in the
world have tried it too and also failed. Every where that
has been tried, the standard of living dropped, goods and
services became hard to get and unemployment rose. So
why try what has already been proven to fail.


Wage and price controls are commonplace in Europe and the standard of
living did not drop, goods and services did not became hard to get, and
unemployment did not rise.


Please show that profits are obscene. Don't quote dollars,
quote percentage of operating expenses. (snip)


I'm not going to quote anything, Dee. I gave my personal opinion. While
you're certainly free to agree or disagree with that, there is no
requirement whatsoever to prove an opinion. If, on the other hand, you think
my opinion is that important, you're certainly free to prove it's wrong.


In addition, you have left out the most workable option. That
is to work toward a world economy that enjoys a comparable
standard to ours. (snip)


You honestly think that is a workable option? It will take many decades,
perhaps longer, to accomplish that. What happens to everyone else in the
meantime?


Dwight Stewart (W5NET)

http://www.qsl.net/w5net/