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.
The Economic Stabilization Act of 1970 (Title II of Pub. L.Tooltip Public Law (United States) 91–379, 84 Stat. 799, enacted August 15, 1970,[2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers[3] as part of a general program of price controls within the American domestic goods and labor markets.
And also from the link I just posted:
During the 1930s, the National Industrial Recovery Act (NIRA) created the National Recovery Administration, that set prices and created codes of “fair practices”.
The National Industrial Recovery Act of 1933 (NIRA) was a US labor law and consumer law passed by the 73rd US Congress to authorize the president to regulate industry for fair wages and prices that would stimulate economic recovery.
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.
Inflation is actually super easy to control. You just need to be willing to threaten business leaders with serious jail time.
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.
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.
Yes, and we see how that worked. The inflation in the 1970s was crazy