The stagflation in the US in the late 1970s was not created by President Jimmy Carter but he was blamed for it. Ok. He wasn’t the best President, but it was Carter who, against political advice, appointed Paul Volker to be Chairman of the Federal Reserve and fought to keep him there. The US inflation mess was caused by the profligacy of Presidents Jo…
© 2024 I am Spartacus
Substack is the home for great culture