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

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.”