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Radio News Report, Mar. 1972: Despite Wage-Price Controls, Price Hikes & Labor Unrest

President Nixon imposed wage-price controls in August 1971. By 1972, the controls had changed from a freeze to Phase II rules. This radio news report indicates problems with meat prices (which were not controlled). Treasury Secretary John Connally comments on meat prices. Congressman Wilbur Mills proposes another freeze. Also, there is a report of an electrical utility rate hike and threats of strikes of New York State prison and other public employees.
Length: 03:16

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