Carter is turning out to be the Sybil of our age.
He saw what few of his fellow DEMS and even fewer of the Reps wanted to admit...
..that energy was going to be the greatest problem of our generation.
And FWIW, the decision by the FED to crush stagflation (something that in retrospect I think was a fairly good policy) was the root cause of the terrible recession that occured during his administration.
As POTUS, there was nothing he could do about the fact that the FED escalated the interest rates up to 21%.
You are right, but I disagree that the FED decision to attack "stagflation" was correct. It was a disaster.
What led us out of that mess was when the North Slope oil started flowing in the early 1980's.
The FED screwed up again by lowering interest rates too low after 9/11. That and the derivatives scheme led to the mess we are in now.
Now the FED has to act because we are facing an emergency.
Edit, when you have the moron chris agreeing with you, maybe you should rethink your post
carter was a fucking disaaster and STILL is, i wish he would shut the fuck up and go back to growing peanuts