Jimmy Carter’s Economic Legacy and Canada’s Potential

Episode Highlights

Jimmy Carter’s Presidential Legacy

  • Tom Dupree shares his personal experience voting for Carter in 1976 at age 20
  • Discusses Carter’s groundbreaking openness about evangelical faith in politics
  • Highlights the crucial appointment of Paul Volcker to Federal Reserve Chair
  • Explains how Volcker’s policies helped create 40 years of economic prosperity
  • Compares Carter’s principled leadership style to current administration

Paul Volcker’s Impact on the American Economy

  • Implementation of aggressive interest rate policies to combat stagflation
  • Municipal bond rates increased from 6.5-7% to 14%
  • Prime rate reached 20% during this period
  • Created conditions for a 40-year bull market in bonds
  • Reagan’s decision to retain Volcker demonstrated the appointment’s significance

Canada Discussion

  • Personal experiences traveling through Western Canada
  • Observations about Canadian culture and artistic contributions
  • Analysis of current Canadian political climate under Trudeau
  • Discussion of potential US-Canada merger concept
  • Comparison of costs and living standards between countries

Cultural Commentary

  • References to Canadian artists including Bruce Coburn, Gordon Lightfoot, Neil Young
  • Review of various entertainment recommendations
  • Discussion of “Margin Call” movie and its economic insights

Key Quotes

“Carter actually was trying to do something serious and he cared… Carter had principles. I don’t agree with some of his principles, but at least he had them.”

“For everything you want to say negative about the Jimmy Carter presidency, and there’s plenty to say negative for me, the appointment of Paul Volcker as head of the federal reserve essentially erases all of that.”

Show Information

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