President Jimmy Carter's economic legacy

In this episode of the Planet Money Indicator podcast, the hosts explore the lasting economic effects of Jimmy Carter's presidency. They focus on three significant indicators: Carter's choice of Paul Volcker as Fed Chairman, which sparked a necessary but tough battle against inflation; the deregulation of six major industries—airlines, trucking, railroads, air cargo, cable TV, and beer—encouraging competition and ultimately reducing prices; and the substantial energy savings achieved through Carter's emphasis on conservation and investment in energy-efficient window technology. The discussion emphasizes how Carter's unpopular choices led to long-term benefits for the American economy, despite their negative impact on his chances for reelection.