I think you forgot that LBJ with his guns and butter policies let the inflation genie out of the bottle, and it was a long, hard road to shove it back in to the bottle, about 16 years 1966 to 1982, when the Gipper finally managed to exorcise it. Remember now anvi?
The "Gipper" never ran the Federal Reserve. I believe you are thinking of Jimmy Carter's appointee Paul Volcker...
The Fed is a nonpartisan entity, so trying to turn Volcker's successful slaying of inflation into a Democratic success is hogwash. Volcker, unlike the vast majority of Democrats, decided high inflation needed to be eliminated no matter what, even if it meant creating high unemployment in the short-run. He was not popular in the Democratic Party from 1979-1982. You have to give Carter credit for appointing Volcker, but you cannot convince me that Volcker would have survived had Carter won re-election in 1980. Reagan deserves credit for sticking with Volcker and rightfully staying out of monetary policy.
By the way, the fact Volcker is a registered Democrat who supported Obama four years ago means little in the grand scheme of things. The same holds true of me, for example.
You do a magnificent job mischaracterizing people's posts and throwing up strawmen. Are you capable of having a straight forward debate on any topic without your gimmicks?
Hey, you are the one who tried to make the argument that the Fed's ability to clobber high inflation was some sort of Democratic success. No dude. Read the whole exchange. Someone posted that Reagan (tax cuts, huge deficit spending) was the person that got inflation under control. I presented objective third party evidence that in fact it was not Reagan that got inflation under control but indeed a Democrat named Volcker who was appointed by a Democrat named Carter who got inflation under control. Don't just start in in the middle of an exchange and start incorrectly critiquing my response to another post. Start with the original post. Prior to that guy's post I made no mention of Carter or Volcker and you know it. You chose to selectively ignore the obviously partisan and incorrect answer of the person I was responding to. Actually you did worse. You piled on by saying that in a fantasy world Carter would be reelected and fire his own appointee so we should come back into the real world and sing Reagan's praises. Pathetic.
Fact Carter is a Democrat.
Fact Carter appointed Volcker.
Fact Volcker is a Democrat.
Fact Volcker is widely credited with bringing inflation under control.
Furthermore I never typed the word Democrat until this post in regards to this topic so stop lying.
Here is the point your partisan mind is missing: Volcker's actions as Chairman of the Fed were the actions of a brilliant economist, not a politician/political operative.
There's your strawman gimmick again. Who said Volcker tamed inflation because he was a Democrat? Show me where in my previous posts I typed the word Democrat let alone said he implemented some Democrat voodoo at the Fed? Show us? We're waiting. Or is this just another one of your strawmen?
Again my post was a reaction to someone saying the Gipper brought inflation under control. A far more accurate statement if you want to include presidents is Carter's appointee Volcker got inflation under control.