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No, 70s inflation had nothing to do with Carter. Inflation in the 70s preceded Carter. There was the oil crisis. It preceded that. Nixon ordered price controls
by CalChris 5y ago
No, 70s inflation had nothing to do with Carter.
Inflation in the 70s preceded Carter. There was the oil crisis. It preceded that. Nixon ordered price controls ... in 1970.
No, 70s inflation had nothing to do with Carter's 'spending'. Carter's spending as a percentage of the GDP decreased from 1977 (19.65%) to 1979 (19.18%). It increased in 1980.
In no real universe was Carter anything but a fiscal conservative. In no real universe were Reagan and Bush anything but profligate.
- loonster 5y agoNixon ending the gold standard didn't help.