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When Politicians Thought They Could Control Prices and Wages – Money Minute #77

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The British government has been interfering with the general public and our civil liberties more than ever in 2020. However, there was a time when they went even further, and tried to control pricing and incomes in order to tackle inflation.

In our latest segment of “Money Minute,” we look at how the “National Board For Prices & incomes” was established in the 1960’s, and why it was a complete disaster.

My message today is clear. Central control is the emery of innovation and growth and the government should do what it does best, and GET OUT OF THE WAY!