Jimmy Carter Was a Better President than You Think.
To fight stagflation, Carter appointed tight-money advocate Paul Volker to head the Federal Reserve Board, and Volker pulled the brakes on inflationary monetary policy — hard. It solved inflation but sent the economy into a painful correction that probably cost Carter reelection.At the Atlantic, Derek Thompson chronicles the dramatic and almost unnoticed impact of Carter’s airline deregulation over the last thirty years. The bottom line: per-mile ticket prices fell by over fifty percent...
- And despite his personal big government sympathies, Carter’s most lasting legacy is as the Great Deregulator. Carter deregulated oil, trucking, railroads, airlines, and beer. (H/t Caleb Brown.)
...The impact of beer deregulation has been similarly overlooked: In 1978, the USA had just 44 domestic breweries. After deregulation, creativity and innovation flourished in the above-ground economy...
As P.J. O’Rourke wrote in his classic 1993 American Spectator article, “100 Reasons Why Jimmy Carter Was a Better President than Bill Clinton:”
...100. And let us not forget that Jimmy Carter gave us one thing Bill Clinton can never possibly give us—Ronald Reagan...--Posted by
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