Monday, September 26, 2022
HomeClimate411“Energy Facism” (Rothbard 1974 speaks to us today)

“Energy Facism” (Rothbard 1974 speaks to us today)

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August 15, 1971, was the day that President Richard Nixon shocked the country, and indeed the world, with a price control order. Everything—all goods and services, as well as wages and interest rates—were frozen for 90 days. But Phase I would turn into four more phases in the 18 months before petroleum was singled out for price and allocation controls amid “the energy crisis.”

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