And, for a slightly intermediate view, wasn't Richard Nixon the most recent President to implement national price controls (in 1971 and again in 1973)?
And yet, which political party (hint: Nixon, Bloomberg, Christie) makes a lot of noise about being free-market advocates, job creators, union-busters, and competent self-reliant pragmatists? Seems like a complete disconnect between what they do, and what they call the other folks.
Here's my suggested entry for the next update of the DSM-IV:
Diagnosis: Red Cognitive Dissonance Syndrome (RCDS)Maybe that's what they mean when they say they believe in American Exceptionalism: "I believe all that stuff I said before, 'xcept this one time is a special case, really."
Key Diagnostic Indications: Patient behaves in expedient manner contradicting all previous philosophy, presents justification along the lines of: but this one is different.