The reason inflation was brought down to manageable levels, by the time of Ronald Reagan's re-election, was directly attributable to Jimmy Carter's very courageous act, hiring a Federal Reserve chair, with the charge to induce a recession. That recession was probably the reason he didn't win a second term.
Take the [1980] Jimmy Carter-Ronald Reagan debate. Carter kept trying to imply that somehow Ronald Reagan was going to push the button, or was irresponsible with nuclear war. You might have been able to make the case that Carter was responsible. But it's very tough when you see a person with Reagan's nice-guy persona up there to believe this guy somehow wants nuclear war, that he somehow wants to antagonize the Russians into an attack. It's just not credible; it doesn't cut with what all your other senses are telling you.
Without Jimmy Carter we might not have gotten Ronald Reagan, without Ronald Reagan there would probably still be a Soviet Union.
It took Jimmy Carter to give us Ronald Reagan.
I'm looking for a president that'll be like a Ronald Reagan to a Jimmy Carter.
The Federal Reserve is not currently forecasting a recession.
This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.
At the center of every recession is a serious imbalance in the economy and mirrored in the financial system. Think subprime mortgage and the Great Recession, or the technology bubble and the early 2000s recession. There are no such imbalances today.
Don't worry, America. We survived Jimmy Carter, and we will survive Barack Obama. Only one questions remains... who is the next Ronald Reagan?
Soviet foreign ministers would come in to see the president all the time, routinely. Jimmy Carter stopped that after the invasion of Afghanistan. Ronald Reagan resumed it in 1984, I think. And so the fact of a meeting like that I think is not that big a deal.
Barack Obama's discovering what a nightmare dealing with hostage problems is - a discovery previously made by Jimmy Carter and Ronald Reagan, i don't see a lot of room for change in American policy.
New policy tools, which helped the Federal Reserve respond to the financial crisis and Great Recession, are likely to remain useful in dealing with future downturns.
Ronald Reagan was the best Ronald Reagan ever, and Ronald Reagan was a cool guy. You're not Ronald Reagan. You can't run as him; you can't relive his career. You can't just have somebody else's career. You have to be you.
Nancy Reagan sort of downplayed that, you know - but she was quite successful. At the time she married Ronald Reagan, I think she was keenly aware that [Reagan's first wife] Jane Wyman's career had eclipsed Ronald Reagan's, so she was very determined not to have that happen.
Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride.
Future historians will be able to study at the Jimmy Carter Library, the Gerald Ford Library, the Ronald Reagan Library, and the Bill Clinton Adult Bookstore.
The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game. The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about 'inflation,' for which virtually everyone else in society seems to be responsible. What we are seeing is the old ploy by the robber who starts shouting 'Stop, thief!' and runs down the street pointing ahead at others.