Re: RIP Jimmy Carter (Off Topic)

On Mon, 30 Dec 2024 15:29:52 -0500, Andrzej Matuch wrote:

I appreciate the additional context. I had no idea about most of this.

Jimmy had some bad ideas but he also had his share of bad lucky. When he
set out to rescue the hostages in Iran who would have thought the finest
US helicopters don't work in sandy conditions.

He did appoint Volcker which took some courage.

https://www.stlouisfed.org/publications/regional-economist/january-2005/
volckers-handling-of-the-great-inflation-taught-us-much

That was a rough era. It was difficult to pitch any capital improvement
when a company could get a better return on money by putting it in the
bank than any realist ROI could show. I hope the Fed doesn't come down
with a bad case of cowardice and cook the figures to justify easing money
again.