nixon decided to do this shock, he pulled all of his economic advisers to camp david including arthur burnshe could get them all on board on the same page and come out with a big television announcement at the end of the weekend, saying what the policy was going to be. burns did what nixon wanted. he kept the economy dawning full speed. the justification was we are not going to have inflation because we have controls. price controls only work for a while, and overtime, they began to not work very well. because people fear the inflation. the government was afraid that it would first be 90 days, and then there was phase two. then phase. . than they had controls that they try to take them off in sequence. there was a famous episode where there were controls on some points of the food chain at the very end because they did not want food prices in the supermarket to go up too much because that would be bad politically, but they were still telling farmers you could charge so much. one former on television drowned 40 chicks because he was not allowed to raise prices. peoplesoft chickens drowning o

under fed chairman arthur burns in the 1970s this was inflation, 6%. end of the '70s, inflation went up under mr. miller. '80s, paul volcker as fed chairman. inflation came down under paul volcker. it was alan greenspan in the late 1980s. until 2006, inflation stayed pretty low. under ben bernanke's chairmanship, bernanke, according to newt gingrich is the most inflationary fed chairman of all-time -- bink. that's his inflation record. it's kind of anti-climactic, right? again, in normalsville, if you were assessing the inflationary prowess of the guy furthest to the right in red on this graph, he doesn't really look all that inflationary. in normalsville, that guy does not look like your inflation problem, but in republicanland, he must be replaced. he must be fired immediately. he must even be treated ugly by an imaginary mob in the great state of texas because of his horrible, horrible inflationary measures. as represented, again, by bink, that tiny little last position on the graph. it's the same thing with the effect of economic stimulus. with the

with under arthur costello as australian born adam burns will read his first full count for the russians as a card has been counted by injury since the team arrived in an overstayer could play a part in those remains and games and burns who is now the hails from russia was delighted to start for his adopted nation. play international rugby playing or walk up as green a lifelong dream. last week off the field that were coming of his being. the changes the. doctor hoped russia's national can. play it's a marketing tool so with russia's next pool match kicking off against italy on tuesday a promise with a less first day off since arriving in new zealand two weeks ago and which of the import took the chance to join some of the squad fishing trip. it's been a hard slog for russia's players so far at the rugby world cup training session followed by training session coach wright followed by coach roy however the squad was given a rare treat a day off to enjoy some of the wonderful soil but the picture is region of mold row which lies but over the side file and was. a number of the players took

with under arthur hostile and australian born adam burns will win his first full count for the russians as a car has been hampered by injuries since the team arrived and. could play a part in those remaining two games and burns whose mother has from russia was delighted to start for his adopted nation. play international rugby team playing in a world cup there's been a lot of long dream. of us we often feel that we're coming up in. this recall game or a change. going to help russia as much like a man's place in our potential so with russia's next pool match kicking off against italy on cheese day a promise we put in the thursday off since arriving in new zealand two weeks ago and what's a pump or took the chance to join some of the squad on a fishing trip. it's been a hard slog for russia's players so far at the rugby world cup training session followed by training session coach wright followed by coach ride however the squad was given a rare treat a day off to enjoy some of the wonderful sights of a picturesque region of mowbray choice but top of the so file and. a number of the player