Is Biden Worse Than Carter and Hoover as the Derivative Bubble Inflates at an Accelerated Rate

Biden's  predepression, derivative bubble, is caused by high inflation, bull stock market, negative GDP growth, Federal Reserve interest rates. Look back at Hoover and Carter Administration to understand the derivative bubble implosion.  Both inherited inflationary economy, stagflation, rising stock prices, low GDP growth simultaneously.  They reacted with fiscal policies to curb federal deficits and spending to decrease inflation.  Carter focused on energy conservation.  His stock market had a cumulated increase NASDAQ +106%, DOW, - .24%, S&P +29.39%, GDP cumulative four year term +14.7%, payrolls +12.82%, jobs growth +3.10%, all within acceptable parameters. He inherited incompetent administrations of the 1970's, which had failed during oil shortages, and tensions surging with the middle East and Soviet Union. Creating oil shock in 1979 in the wake of Iranian revolution, the primary reasons of the rising price levels.   Carter's conservation program used oil taxes in order to discourage the oil consumption, encouraged more energy efficient automobiles. Miscalculating the impact of importation of Japanize cars. He encouraged the use of coal over oil to avoid inflationary spirals of the 1970's. Bad timing and deregulation contributed to the strikes of the Mine Workers.   Human rights the center of Carter's social agenda failed to stop the Soviet Unions invasion of Afghanistan. And the transfer of ownership of the Panama Canal to Torrijos, a dictator, trusting social reforms, was naïve.  As was the freezing of Iranian assets in American banks causing an oil embargo constricting Iranian oil. Then the hostage crisis in Tehran due to Carter's failure to predict how supporting of the Shah, had consequence, the Ayatollah held 52 Americans in the American Embassy for 444 days, highlighting Carter's negotiating skills as indeed poor.   His administration added 43% to the national debt. But all of these decisions and missteps the worst was to come. On October 6, 1979, appointee Fed Chairman Paul Volcker took dramatic steps to rein in the runaway inflation that had been sapping the strength of the economy since the mid - 1960's. Volcker, in office only two months, took the radical step of switching Fed policy from targeting interest rates to targeting the money supply. The days of "easy credit" (i.e., S&L Bank 6% mortgages) turned into the days of "insane very expensive credit".  The resulting prime lending rate exceeded 21%.  Unemployment reached double digits in some months.  The dollar depreciated significantly in world foreign exchange markets with a LIBOR exchange rate of 27%.  Volcker's tough insane medicine led to not one but two recessions before oil prices and imports finally crashed. Keynesian theory of government control of the economy with interest rates caused the cost of capital to spiral up and killed he growth of small businesses. Including the bankruptcy of all the Savings and Loan Banks that were providing low income, subprime mortgage credit risks, to own their first home.  Mass foreclosures followed. Fast forward this failed strategy, to 2005 after the retirement of Fed Chairman Greenspan, and the appointment of Harvard Professor Bernanke Fed Chair, by Bush and Treasury Secretary Paulson who orchestrated a depression (called recession)by doubling the discount rate to member banks that stock market crash by blaming the subprime mortgage market, as Carter did in 1979.  This blunder under Bush and Obama caused a derivative bubble depression in the housing market and 404k plans assets, losing a total of $30 trillion in equity.  Biden is on record to beat Carter's failed policies. Fed interest rate goes up, printing 300 years currency of $1.9 trillion American Rescue Plan will inflate prices so the $500 trillion derivative bubble bursts crashing the stock housing market .