Carter's Economic Dilemma

This chapter examines the economic challenges faced by President Jimmy Carter, focusing on his inherited toolkit for addressing inflation and his reluctance to implement aggressive wage and price controls. It discusses Carter's shift towards deregulation and fiscal conservatism, highlighting the appointment of Paul Volcker and the subsequent changes in monetary policy. The narrative critiques traditional views of Carter's administration, revealing a complex interaction between economic strategies and party dynamics during a tumultuous period in U.S. history.