During the Carter years workers still had a lot of union political power to increase wages along with inflation. That threat is gone forever due to offshoring, out sourcing and unbridled immigration. Workers have zero power in the USA. IT IS NOT THE 1970's ANYMORE.
Is this some kind of joke or are you playing dumb? So is the opposite true then? Shrinking the money supple will grow the economy? LOL! IT WON'T AND YOU KNOW IT.
Go back to the example of the butcher and the baker. If the butcher buys $1 worth of bread from the baker buys $1 worth of meat from the butcher, then you have $2 of GDP for $1 of money supply. If the butcher buys $1 worth of bread but the baker sticks that money in his mattress, then you only have $1 of GDP for the same $1 of money supply. Adding $4 to the system does nothing to support growth unless the baker starts buying meat from the butcher. It just makes the $1 loaf of bread cost $5.
I didn’t see your explanation of why the money growth during Carter didn’t grow the economy. Maybe you’re still working that out.
And you haven’t yet explained how the double digit interest rates during Reagan allowed the economy to grow rapidly. Your argument being that low interest rates are required in order for the economy to grow at all.