I think I said this the last time I posted an oped by Phil. I was friends with his son & attended PG's prez run announcement. https://www.wsj.com/opinion/jimmy-c...siness-economy-e98c864d?mod=opinion_lead_pos5 Jimmy Carter, who turns 100 on Oct. 1, doesn’t get enough credit for the quarter-century economic boom from 1983 to 2008 and the underlying resilience of the economy since. Without Mr. Carter’s deregulation of airlines, trucking, railroads, energy and communications, America might not have had the ability to diversify its economy and lead the world in high-tech development when our postwar domination of manufacturing ended in the late 1970s. The Carter deregulation helped fuel the Reagan economic renaissance and continues to make possible the powerful innovations that remake our world. The Airlines Deregulation Act of 1978, the Motor Carrier Act of 1980 and the Staggers Rail Act of 1980 unleashed competition and spawned the invention and innovation that gave America the world’s most efficient transportation and distribution system. The cost of flying a mile declined by half and air travel became a mainstay of American life. The logistical cost of moving goods shrank as a share of gross domestic product by 50%. The leader of that effort, recently retired FedEx CEO Fred Smith, describes Mr. Carter’s “underappreciated leadership” as follows: “The reduction of logistics costs in the late 20th century was profound, largely unreported and underappreciated. These farsighted changes were the great achievement of the Carter presidency.” The Carter administration began oil-price deregulation using its regulatory powers and set in place the gradual deregulation of natural-gas prices with the 1978 Natural Gas Policy Act. And while the deregulation of the communications industry was driven by technological change, court decisions, regulatory action and finally legislation, the Carter regulatory reform through the Federal Communications Commission made competition the driving force in the development of policy. Energy deregulation, championed by Mr. Carter and then by Ronald Reagan, produced abundant oil and gas supplies. But more than four decades later Mr. Carter’s legacy of deregulation stands as one of the most transformative public policy reforms in our nation’s history, and he gets too little credit for making our country more competitive. p.s. My acct has not been hacked.
Whenever you pay that extra $80 to have the ability to check a bag bigger than the size of a toiletry kit, solemnly whisper "thank you President Carter."
Capitalism is great for making things cheap that shouldn't be, no argument here. But I guess we will all be dead before we cook the planet.
Would say cheap air travel is an underrated reason for the destruction of traditional rivalries and regional conferences in college football. Thanks, Carter!
You left out the most important deregulation. He took away taxing beer made at home, which paved the way for home brewers, which in turn led to the craft brewing industry. How Jimmy Carter Sparked the Craft Beer Revolution.
