Thursday, September 01, 2005

Carter's Decontrol

It helps to simplify your world view immensely when you get to make up your own facts. Jayson at Polipundit rightly dismisses the insane notion of price controls but can't help inserting a dig at our 39th president. "Fortunately, however, we’ve come quite a long way since Jimmy Carter was running the country."

What's wrong with this statement? Well, as this Mises Institute report by William Anderson reports, President Carter was resonsible for the decontrol of oil prices that were put in place by Richard Nixon. Anderson notes, however that "Full decontrol was scheduled to take place in the spring of 1981, but Reagan upon taking office lifted controls almost immediately, thus receiving credit for what was mostly the action of his predecessor."


Anonymous said...

I've met many Republicans whose memory glosses over so many Republican follies and crimes, and attributes them to Democrats.

Of course, in Hawaii, it IS the Democrats who are imposing price controls. The fools.


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