Anderman
Donor
Get rid of Arthur Burns at the Fed.
Good idea
Get rid of Arthur Burns at the Fed.
No oil embargo. Also avoid Vietnam War will help.
No oil embargo, strict monetarist fiscal policy, remove all WPCs.
There were great thoughts about the nuclear society in the 60is where electricity would take the roll of coal (instead of oil) so economically the investments go somewhere else. An earlier short oil embargo, maybe in the early 60is, could nip both Breton woods problems and the oil dependency in the bud.
There was an oil embargo in 1956 over Suez which prompted the development of small petrol efficient cars such as the Mini. Have the US support Britain, France and Israel against Nasser and the US would be hit by that oil embargo as well.
They both played a significant part but without the oil shock the resulting recession and inflation may not have been as severe as they became.