Sunday, September 16, 2012

Inflation Was Worst Under Carter, Best Under Eisenhower Since WWII

Average of the annual inflation percent change December over December using CPI from here, with Obama's 2012 August over August (1.7 percent) counted as the fourth full year:

1948-1952 Truman                   2.65 percent
1952-1960 Eisenhower           1.4 percent
1960-1968 Kennedy/LBJ           2.2 percent
1968-1976 Nixon/Ford               6.4 percent
1976-1980 Carter                   10.4 percent
1980-1988 Reagan                    4.3 percent
1988-1992 Bush The Elder        4.2 percent
1992-2000 Clinton                     2.6 percent
2000-2008 Bush The Younger   2.4 percent
2008-2012 Obama                     2.2 percent.

Democrat presidents do slightly better on inflation than do Republican: 3.55 percent per annum vs. 3.69 percent, which is about 3.8 percent better on average.

But this isn't saying much, except that when it comes to your money, there's hardly a dime's worth of difference between the two political parties. Both have agreed on policies to trash the buying power of the dollar. That's the real enemy: the liberal consensus to impoverish the people through monetarism.

On average, post-war presidents have done a terrible job managing inflation, which is up 841 percent in the 64 years between 1948 and 2012. You might even say that inflation is their policy. By contrast, inflation jumped 146 percent in the 35 years between 1913 and 1948. The post-war liberal consensus has been nearly 6 times harder on the American people than the prior period.

Both parties need to be neutered.