Is Joe Biden the next Jimmy Carter? Here’s why not
There are uncanny parallels between 2023 and the fateful year of 1979. But there is one good reason why President Biden will not follow his one-term predecessor.
It has become fashionable to compare US President Joe Biden to Jimmy Carter in 1979. Just as the events of 1979 doomed Carter’s re-election hopes the following year, developments in 2023 are said to have effectively sunk Biden’s bid for a second term in November.
There is one good reason why President Biden will not follow his one-term predecessor. David Rowe
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Project Syndicate
Barry Eichengreen is Professor of Economics at the University of California, Berkeley.
