More on Carter
July 28, 2004
Regarding Jimmy Carter, we should also recall that he also signed legislation that began the deregulation of oil prices, regulations that were put in place by the “conservative” Richard Nixon. Reagan’s very first act as president was to issue an executive order making deregulation immediate, but it was Carter who initiated it all, as well as the deregulation of trucking and airlines.
He was responsible for the harmful “windfall profits tax,” and many other acts of regulatory lunacy in the energy industry, but then again so were the Nixon and Ford administrations. Bill Simon, a genuine conservative, was our first “Energy Czar.”
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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