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The Liberal government under Pierre Trudeau was originally opposed to this idea; however, after winning the election, it introduced the Anti-Inflation Act in 1975. This act contained wage and price controls on parts of the economy and remained in force until 1978. In 1979, the anti-inflation board was dissolved and the Anti-Inflation Act ...
These policies became known as Reaganomics, and they were successful at combating high inflation. From 1980 to 1988, inflation dropped from 13.5% to 4.1%. George H.W. Bush (1989-93)
The Stabilization Act of 1942 (Pub. L. 77–729, 56 Stat. 765, enacted October 2, 1942), formally entitled "An Act to Amend the Emergency Price Control Act of 1942, to Aid in Preventing Inflation, and for Other Purposes," and sometimes referred to as the "Inflation Control Act", [1] was an act of Congress that amended the Emergency Price Control Act of 1942.
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.
An analysis found that the 2022 legislation could result in as much as a $21 billion benefit to North Carolina. Here’s how that could be spent.
The U.S. Inflation Reduction Act and soaring energy prices pose a risk to some of Europe's businesses, European Union antitrust chief Margrethe Vestager warned on Wednesday as the United States ...
The National Board for Prices and Incomes was created by the government of Harold Wilson in 1965 in an attempt to solve the problem of inflation in the British economy by managing wages and prices. The Prices and Incomes Act 1966 c. 33 affected UK labour law, regarding wage levels and price policies. It allowed the government to begin a process ...
The national consumer price index rose 6.2 percent from October 2020 to October 2021. That's the largest 12-month increase since 1990, according to the Bureau of Labor Statistics.