6 Comments

Very insightful. I'm a current senior in college and it wasn't until this past semester that I learned about the fuel crises of the 1970's. I took a British Politics class last semester and reading about the fuel lines shocked me. I remember texting my parents to ask them about their experiences with that. It seems like one of the greatest disasters in policy I've ever read about.

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Both fuel crises were harrowing and driven by the United States and the world's high dependence on Middle Eastern oil. There was also a lot of anger in the US towards the Canadians well into 1974 over what many perceived as price gouging. Fortunately, new extraction methods for oil and gas have unleashed trillions of cubic feet of new domestic sources. We've learned our lesson, but price shocks from Middle East events are always a risk.

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Carter was a disaster as President.

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“…Carter Administration was deregulating major swaths of the economy, including airlines, trucking, railroads, and more.”

I do acknowledge that Carter’s deregulation of transportation was an excellent thing.

But you also write “and more”.

Inquiring minds want to know. What exactly is the “more”?

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It was covered in the following block quote, which included telecommunications . . . and more.

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Yeah the thing is… there was no Telecommunications Act of 1980.

The act that was passed including the repeal of section 506 - per your link - had to do with broadcasting, and broadcast practices, and the right of phone companies to own cable television systems - something which in practice had very little effect by itself in terms of deregulation.

And as far as I can tell said repeal had nothing whatsoever to do with long distance telephone rates. Or the breakup of AT&T that happened early in the Reagan Administration.

The rest of the contents of that paragraph talks only about transportation - the one place I do indeed give Carter credit.

But the evidence cited for “telecommunications” deregulation “and more” seems exceedingly weak.

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