I will respond...Carter did not create your crisis - And have no idea if you are "rich" Posted: Dec 25th, 2017 - 1:05 am In Reply to: The Carter admin. is what almost bankrupted my - family
Carter cannot be blamed for the double-digit inflation that peaked on his watch, because inflation started growing in 1965 and snowballed for the next 15 years. To battle inflation, Carter appointed Paul Volcker as Chairman of the Federal Reserve Board, who defeated it by putting the nation through an intentional recession. Once the threat of inflation abated in late 1982, Volcker cut interest rates and flooded the economy with money, fueling an expansion that lasted seven years. Neither Carter nor Reagan had much to do with the economic events that occurred during their terms.
http://www.huppi.com/kangaroo/L-carterreagan.htm
LINK/URL: I will respond...Carter did not create your crisis
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