Old Man Jingles
Rat out of a cage
That’s just a long winded way of saying Carter solved inflation. He let the Fed do its thing and didn’t interfere despite it costing him a second term. It’s called patriotism, not something Republicans understand.
Carter didn't solve inflation.I have always stood by Volcker's monetary policies for that place in time.
By 1978, I had already resigned Carter to the trash bin of Presidential ineptitude.
Ironically, he has been the most positive and respectable President after leaving office ... other than his involvement in American Partisan Politics in which he is perhaps the worst ex-President in my lifetime.
Presidents cannot tell the Fed what to do ... you've stated that several times in the last year.
If you want to give credit to Carter for appointing Volcker ... fine.
Carter didn't know diddly about macro-economics but he was smart enough to let Volcker implement his monetary medicine.
That's like saying I did brain surgery because I recommended a brain surgeon.
Of course, in your twisted biased mind, you do you.