Nixon: A Tattered Economic Legacy

In 1971, right after Richard Nixon imposed wage and price controls and established the U.S. Price Commission, he called one of its members, Robert F. Lanzillotti, to say that he was unable to attend the scheduled working lunch. He then proceeded to walk into the room where the board was eating, a dazzling Imelda Marcos on his arm. "You can't blame me for missing a boring meeting--now can you?" he said to a stunned Lanzillotti.

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