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You know, I've got experiences going back to the wage price controls in the Nixon administration where, in effect, we had what I think was a terrible mistake, in that case a Republican administration, where moved in and tried to control the wages, prices and profits of every enterprise in America. It was a huge mistake. ↗
After Nixon resigned in 1974, he engaged in a very aggressive war with history, attempting to wipe out the Watergate stain and memory. Happily, history won, largely because of Nixon's tapes. ↗