It said, W-I-N, whip inflation now - red button with white letters. HORSLEY: In the mid-'70s, you could actually get a campaign-style button with that slogan to replace the yellow smiley-face button on your wide lapels.ĪLAN BLINDER: Oh, I still have my WIN button. GERALD FORD: We must whip inflation right now. SCOTT HORSLEY, BYLINE: Just two months after taking office in 1974 and one month after pardoning Richard Nixon, Gerald Ford stepped before a joint session of Congress to address what he called public enemy No. It's a lesson borne of painful experience in the 1970s, when prices were allowed to climb unchecked for a decade. economy in hopes of dousing inflation before it turns into a smoldering dumpster fire. That's why the Federal Reserve is pouring cold water on the U.S.
Inflation is uncomfortably high, and the longer that continues, the harder it may be to get prices under control.
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