The Carter administration took office at an unfortunate time as far as economics is concerned. The economy was floundering, and the oil crisis and energy problems were all too prevalent. The author explains that as Carter turned to fighting inflation, he abandoned the traditional Democratic agenda and became a forerunner of Reagan. In the end, he did not conquer inflation, but he did sacrifice his ambitious programs for restructuring government, crafting a lasting energy program, and reforming the tax structure, welfare, and health care.
The Carter administration took office at an unfortunate time as far as economics is concerned. In the end, he did not conquer inflation, but he did sacrifice his ambitious programs for restructuring government, crafting a lasting energy program, and reforming the tax structure, welfare, and health care.
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Biografisk notat
ANTHONY S. CAMPAGNA is the John H. Converse Professor of Economics at the University of Vermont. He is the author of The Economy in the Reagan Years (Greenwood, 1994), The Economic Consequences of the Vietnam War (Praeger, 1991), and National Economic Policies, 1917-1985 (Praeger, 1987).