Will Joe Biden Learn Jimmy Carter’s Inflation Lesson?

President Jimmy Carter listens to Sen. Joseph R. Biden (D-Del.), as they wait to speak at a fundraising reception at Padua Academy in Wilmington, on Feb. 20, 1978. Barry Thumma/AP Photo

Commentary

During the 1980 presidential campaign, the Republican challenger, Ronald Reagan, said, “A recession is when your neighbor loses his job. A depression is when you lose yours. And recovery is when Jimmy Carter loses his.”