[quote=EconProf]Briansd1: You have an uncanny knack for misinterpretation.
To suggest that President Carter was responsible for the 1982 & onward booming economy is to truely be deluded by your own biases.
Carter appointed tight-money, high-interest-rate Volcker only because he was forced to act tough in the face of spiraling inflation he helped foster. It went against every liberal instinct in his populist body. Reagan happily kept Volcker on, pushed through supply-side tax cuts, which eventually (their full implementation was delayed by Congress) spurred the economy into perhaps the biggest growth spurt our economy had since WWII.
Carter’s best contribution was to be defeated in the 1980 election.[/quote]
Firstly, thanks for your insights and observations, EconProf.
As to what spurred the economy after Carter, I’m more convinced it was due to Reagan’s ramped up deficit spending than it was to reduced tax rates…but I admit to not being a “supply-sider.”
