If President Ford had won in '76... (user search)
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  If President Ford had won in '76... (search mode)
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Author Topic: If President Ford had won in '76...  (Read 3886 times)
True Federalist (진정한 연방 주의자)
Ernest
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« on: January 06, 2013, 07:33:51 PM »

No guarantee that there would be an Iranian Hostage Crisis under a different president, be he Democratic or Republican.  (That isn't to say that there wouldn't be an Iranian Revolution, but the Hostage Crisis itself would be fairly easy to butterfly away.)
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #1 on: January 17, 2013, 01:34:44 AM »

Keep in mind that Gerald Ford probably would not have picked Paul Volcker as Fed chairman, so the problems with inflation might have continued until the mid-1980s or so.

Ford also would likely have not picked William Miller either, Carter's first appointment as Fed chair, and such a disastrous one Carter had to name him as Treasury Secretary to get him out of the way so he could appoint someone else.  He had much better luck with Volcker, but not enough to win a second term.

Hopefully Ford would not reappoint Burns, as he was almost as bad as Miller.  Possibly he would have appointed Greenspan.
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True Federalist (진정한 연방 주의자)
Ernest
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Posts: 42,144
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« Reply #2 on: January 17, 2013, 02:39:20 PM »

Keep in mind that Gerald Ford probably would not have picked Paul Volcker as Fed chairman, so the problems with inflation might have continued until the mid-1980s or so.

Ford also would likely have not picked William Miller either, Carter's first appointment as Fed chair, and such a disastrous one Carter had to name him as Treasury Secretary to get him out of the way so he could appoint someone else.  He had much better luck with Volcker, but not enough to win a second term.

Hopefully Ford would not reappoint Burns, as he was almost as bad as Miller.  Possibly he would have appointed Greenspan.
Would Greenspan have supported a tight monetary supply policy such as the one that Volker implement at the time, or would he have continued the policies of Arthur Burns?

Probably not as tight as Volcker but certainly not as loose as Burns.  But then Volcker appointed as chair in 1978 might not have been as tight as Volcker was in 1979 since he wouldn't have had to clean up after Miller.
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