Biden’s Inflation vs. Carter’s Stagflation: A Side-by-Side Look (My Independent Thoughts)Both Biden (2021–2025) and Carter (1977–1981) fed the post-1971 fiat machine the same dangerous cocktail—massive government spending layered on top of supply shocks—and both delivered painful inflation that hit working-class families hardest. But the episodes weren’t identical, and the differences explain why I ranked Biden slightly above Carter (16th vs. 18th) in the financial scorecard for citizens. Carter’s inflation was a decade-long nightmare that peaked at 13–14% in 1980. It was classic stagflation: high inflation + high unemployment (double digits), oil shocks from the 1979 Iranian revolution, and loose money after Nixon’s gold-window closure. Wages chased prices but never caught up; savings were destroyed by double-digit inflation while 20%+ interest rates made homes and cars unaffordable for young families. The working class got crushed on both ends—prices up, jobs ...
