Richard Nixon actually said...

While I continue to oppose mandatory wage and price controls, it is essential that wages and prices be carefully watched, that labor and management be constantly aware of public concern in this area, and that Government have the information it needs to persuade labor and management to do their duty in the effort to reduce inflation.

Context

Special Message to the Congress Proposing Establishment of a Cost of Living Task Force

08/01/1974

https://www.presidency.ucsb.edu...

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