One Thing Carter Got Right

An overlooked law from the Carter administration actually had an unsung role in boosting the American economy.

This chart was found courtesy of Scott Sumner's blog.

A story in the July 22, 2010 Economist discussed America's freight trains and their unsung role in boosting the American economy. A key component of this was the Staggers Act of 1980, a law which effectively deregulated the railroad industry. The Economist graphed the result of the law. As they say, a picture is worth a thousand words:

As an added benefit, this law came about during the reign of history's greatest monster, Jimmy Carter.

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