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How soon we forget...
PBS
Nixon Tries Price Controls
Excerpt from The Commanding Heights by Daniel Yergin and Joseph Stanislaw, 1997 ed., pp. 60-64
[Following the Kennedy-Johnson administration in the United States, there was a massive effort to manage the marketplace, in part by controlling wages.] This initiative was not the handiwork of left-wing liberals but of the administration of Richard Nixon, a moderately conservative Republican who was a critic of government intervention in the economy.
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http://www.pbs.org/wgbh/commandingheights/shared/minitextlo/ess_nixongold.html
Let's also remember that it was Nixon, a "conservative", who removed the gold standard, which IMHO was what accelerated the financial mess of the late 70s that was blamed on Carter. I'm not saying Carter was a great President (but he wasn't the worst by far), just that he gets an unfair rap for the economic mess that was largely the fault of Nixon's moves.