Strange enough, I was alive back then and clearly remember my grandmother applauding Nixon's attempt to 'freeze prices'. Did not work.
The numbers published by the government may not reflect how it is felt in the populace. I think the current inflation is 'worse' than the 1970's. One thing is that wages were getting bumped all the time to compensate; not something we see today.
Strong agree. Raise taxes for everyone (except those at the bottom, please). Draw the line wherever you want, we can argue about where, but it has to be drawn.