oh ffs… Carter was not a great president. He was merely decent.
Nixon ran the economy into the ground, killed off the Gold Standard in ‘71… printed money line it was WW1 Germany…. got voted out… and Carter was the guy in office when the tsunami finally hit. The tsunami was coming. Someone had to be in office.
c'mon poker you're clearly smarter than this post. The whole Republican Presidents bad, Democratic Presidents good is silly stuff.
At the risk of being didactic here, let me correct or challenge a few of your assumptions.
1) President's don't print money. President Nixon could not even spend money without the help of the Democratic-controlled Congress.
2) Nixon was elected in 1968 and reelected in 1972. He resigned in 1974. Carter won a close election against Nixon's successor in 1976.
3) Almost every American economics professor teaches the catalyst for the U.S. eliminating the gold standard was the simultaneous spending on the Vietnam War and the expansion of social spending started under Johnson. The ensuing and related trade deficits and the Europeans unwillingness to hold Dollars were the final straw.
4) To really criticize going off the gold standard, one would have to provide a fairly rigorous and thoughtful economic argument defending the gold standard.
Let's not get into this all too convenient revisionist history.
