A weak dollar wrecked Jimmy Carter’s presidency. This requires mention as the long ago Carter economic plan rises in the estimation of the right.
Looking back, they appreciate that Carter didn’t stand athwart Rep. William Steiger’s insertion of a capital gains tax cut in his 1978 tax package. Carter also oversaw industrial deregulation, most notably of trucking, rail and airlines. All good things, but for the Carter Treasury’s failure with the dollar…
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John Tamny is Founder and President of the Parkview Institute, editor of RealClearMarkets, senior fellow at the Market Institute, and Senior Economic Adviser to mutual fund firm Applied Finance Group. Tamny is the author of eight books. His latest is The Deficit Delusion: Why Everything Left, Right and Supply-Side Tell You About the National Debt Is Wrong. His others are Bringing Adam Smith Into the American Home: A Case Against Home Ownership, The Money Confusion, When Politicians Panicked: The New Coronavirus, Expert Opinion, and a Tragic Lapse of Reason, Popular Economics, Who Needs the Fed?, The End of Work, and They're Both Wrong: A Policy Guide for America's Frustrated Independent Thinkers.
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