Unfortunately, because this approach fails to deal with the underlying causes of inflation, wage and price controls eventually collapse, the hitherto-repressed inflation resurfaces.
不幸的是,由于这种方法未能解决通胀的根本原因,工资和价格控制最终崩溃,迄今为止受到压制的通胀再次出现。
Wage and price controls have been in force since 1975.
工资及物价管制已自1975年起实施。
Most wage and price controls were dropped and the market was opened to some private commerce.
大多数工资和价格管制被放开,同时对部分私人商业开放市场。
NARRATOR: The supposedly conservative Republican Nixon opted for wage and price controls.
旁白:据臆测是守旧的共和党人的尼克松挑选了人为和价格管制。
But there was a cost. Wage and price controls were used to contain inflation, which surged when controls came off.
但它也是有成本的:收入和价格应该用来控制通胀,但随着这种控制失去作用,通货膨胀大举提高。
But there was a cost. Wage and price controls were used to contain inflation, which surged when controls came off.
但它也是有成本的:收入和价格应该用来控制通胀,但随着这种控制失去作用,通货膨胀大举提高。
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