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ishii
Guest
And unemployment? And economic growth? Restoring America’s defenses? Reagan did much more than merely re-appoint Paul Volcker. The president in office gets the blame if things go bad, or the credit when things go well. As you point out, the truth is a bit more complex. But, we need to consider that under Carter, so many things went wrong and under Reagan, so many things went right. So I think its appropriate to give Reagan high marks for his presidency. Historians and economists have been debating Reagan’s presidency for decades and will continue to do so. But the successes under Reagan were too many and lasted too long to simplistically attribute it to a Fed Chairman.You do know that Paul Volcker was responsible for taming inflation in the 1980s, right? A Democrat appointed by Carter. He and the Federal Reserve Board are the ones who raised interest rates to record levels to get inflation under control. The only thing Reagan did was reappoint him in 1983.
Ishii