News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
If politicians were serious in their criticism they would vote for laws forcing comparison price to be displayed next to the purchase price.
Require that $/oz is always displayed in equal size as the per package price.
That's what I meant with "comparison price".
Or just enforce price controls
Which are largely unconstitutional unless explicitly allowed by an Act of Congress.
That has never stopped presidents before. In response to inflation in 1971 President Nixon issued an executive order making it illegal to raise prices for several months and before him FDR went even farther with rationing and controlling wages.
Inflation is actually super easy to control. You just need to be willing to threaten business leaders with serious jail time.
Yes, and we see how that worked. The inflation in the 1970s was crazy
Literally straight from the link I just posted:
Per the ESA of 1970:
And also from the link I just posted:
Per the NIRA of 1933:
It helps to read sources that people provide for you, before you respond. The long and the short of everything I just showed you, and that you confirmed, is that in the two most famous cases of price controls in the 20th century, Congress explicitly authorized the Executive Branch to do so.
Ok Mao.
Well TIL, I always thought that executive orders were a way to bypass Congress. I know that there was a Democratic Congress in 1971, I wonder why they rubber stamped that for Nixon.
First off, inflation doubled between 1965 and 1970, as it hit 5.5% in 1970. Then, the act was seen as “a political dare,” according to top Nixon official George Shultz — the Democrats thought Nixon wouldn’t use the powers they’d granted him, but he called their bluff. Republicans accused them of using it as an election year ploy to make it look like they were seriously fighting inflation. Democrats held Congress later that year, so in that way perhaps it helped, but they'd been in control since 1955, so their grip on power was pretty firm.
Nixon initially refused to use his authority, but then a year after the ESA's passage inflation kept rising at a break-neck pace, and he started the Nixon Shock, which helped him get reelected with 520 electoral votes in 1972. So in that way, the pressures Nixon was facing were a lot like the pressures Biden's currently facing. As it turns out, however, inflation kept rising through the mid 70s, and what was initially a political success, when paired with the 1973 oil crisis, quickly caused the 73-75 recession which was marred by stagflation. So it sounded good on paper, but wound up royally fucking the entire middle and working classes in multiple countries, as the unemployment rate nearly doubled.