Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
On Oct. 8, 1974, amid a dramatically worsening economy marked by skyrocketing inflation, President Gerald Ford unveiled a plan he called “Whip Inflation Now.” To fight inflation, the government made millions of WIN buttons and encouraged people to carpool to conserve gas — this was after the Arab oil embargo — and to grow their own food. The campaign was a disaster, alternately ridiculed and hated. Most of all, it didn’t work. Alan Greenspan, who was a top Ford economic adviser, called it “unbelievable stupidity.”
Subscribe to The Byron York Show in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.
Published in: General