1 hour ago · Politics · hide · 0 comments

At RealClear Markets, Peter Grossman of the National Center for Energy Analytics considers President Trump's recent tirades against "unrealistic" gasoline prices and what an authoritarian ignoramus like him might do about them. Along the way, a name increasingly familiar lately for other bad reasons comes up: Richard Nixon, whose brilliant solution to inflation, price controls, sounds like it would be right up Trump's alley.I am old enough to remember gas lines and rationing fuel by allowing sales on certain days to even or odd tag numbers, but I didn't get the full picture of the carnage that wreaked: I was, after all, not even 10 back then.Grossman fills us all in on what we can expect if Trump pulls such a stunt:Refiners and retailers had to petition for price increases, and couldn't automatically pass on rising costs. Decisions were handed down at the start of the following month. As a result, many gas stations simply closed during the final week of each month while waiting for…

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