Jimmy Carter's great acts: Fighting inflation by deregulation and appointing Paul Volcker [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Jon Hartley is a research fellow at the Foundation for Research on Equal Opportunity and a senior fellow at the Macdonald-Laurier Institute. Former U.S. president Jimmy Carter died on Sunday at age 100. That makes the economic legacy of Mr. Carter's decisions a timely matter to examine. One issue that policymakers around the world should reflect on in these newly inflationary times is that America's inflation fighting of the 1980s was set in motion by Mr. Carter in the form of deregulation and hawkish monetary policy – well before the Reagan Revolution, the phenomenon associated with Mr. Carter's successor, to whom the credit is often given. At the end of the 1970s, the U.S. economy was plagued by inflation and financial market volatility. Jimmy Carter, former U.S. president and Nobel Peace Prize winner, dies at 100 Several Federal Reserve chairs, including Arthur Burns, William Miller and Frederick Schultz (in an acting capacity), all had failed to tackle inflation head-on
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