1974 Explained: The Year that Almost Crushed Britain
October 26, 2025
Writes Tim McGraw:
I thought this was an interesting video. The Beatles song “Taxman” mentions both “Mr. Wilson” and “Mr. Heath.” Heath and Nixon both made a lot of mistakes in 1974. Income and price controls never work. They just make things worse.
The Best of Llewellyn H. Rockwell, Jr.
Llewellyn H. Rockwell, Jr., former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com. He is the author of Against the State and Against the Left. Follow him on Facebook and Twitter.
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