Magazine content is available exclusively for TIME subscribers.Jimmy Carter vs. Inflation
COVER STORY
He promises budget cuts and credit curbs, but more is needed
As Jimmy Carter stepped before the television cameras in the East Room of the White House last Friday, his task was not just to proclaim another new anti-inflation program but to calm a national alarm that had begun to border on panic. Inflation and interest rates, both topping 18%, are so far beyond anything that Americans have experienced in peacetime—and so far beyond anything that U.S. financial markets are set up to handle—as to inspire a contagion of fear. Usually confident businessmen and bankers have begun...
Email, Password or Region is incorrect
A required form parameter was missing.
The System is currently down. Please try again in a few minutes.
Email Address is invalid
Password is blank
Most Popular »
- Top 10 Celebrity Restaurants
- Who Qualifies for the $26 Billion Foreclosure Settlement?
- Facing the Challenge of China, Should India Embrace the U.S.?
- The Art of Nazi Hunting: How Israel's Mossad Found Adolf Eichmann
- Why Is Your Boss Moving to Brazil?
- Jimmy Stewart: A Hero Home From the War
- FBI File on Steve Jobs Probed Apple Founder's Drug Use, Character
- TIME's Interview With Italian Prime Minister Mario Monti
- Oscars 2012: Great Performances
- Why Mario Monti Is the Most Important Man in Europe
- The Upside Of Being An Introvert (And Why Extroverts Are Overrated)
- Why Is Your Boss Moving to Brazil?
- Why Mario Monti Is the Most Important Man in Europe
- Lessons Unlearned: Why Another Gigantic Famine Looms in Africa
- Can Israel Stop Iran's Nuke Effort?
- No More Tears
- Seoul Searching
- Warren Buffett Is on a Radical Track
- Children of the New India: How Economic Reforms Impacted Upon the Young
- Scientists: NASA to Cut Missions to Mars
More News from Our Partners
Top Stories on TIME.com
Quotes of the Day »
