Congress hastens the return of `No gas today' signs

By Jack Kemp

What do Richard Nixon, Jimmy Carter and the ancient Roman Emperor Diocletian all have in common? They all imposed price controls on their respective economies. When Presidents Nixon and Carter embraced government-imposed gasoline price controls for the better part of a decade, consumers paid the price in terms of shortages, rationing and long waiting lines. In contrast, succeeding administrations from Presidents Reagan to Clinton did not, and the performance of the economy under their collective watch proves they were correct.......................