Did FDR and other mid 20th century Democrats do nothing more than cage the beast?

[hifiguy]

50. Pains me to say it but Jimmy Carter was the first president

to drink the poisonous deregulatory Kool-Aid via one Alfred E. Kahn:

"In 1974 he became chairman of the New York Public Service Commission, and later served as Chairman of the Civil Aeronautics Board, Advisory to the President on Inflation under Jimmy Carter, and Chairman of the Council on Wage and Price Stability – Carter’s “inflation czar” – through 1980.

While serving under Carter, Kahn became known for his blunt and sometimes politically damaging comments. Convinced that certain administration policies would lead to a depression, but having been chided for using the term, he began saying that the economy would "become a banana." After banana producers objected, he changed his euphemism to "kumquat".[6] He explained inflation in one press conference by saying "Inflation occurs when everyone is trying to take a piece of the pie, but there isn't enough pie to go around." While President Carter tried to downplay the significance of certain economic figures, Kahn called them "a catastrophe." At one point, a frustrated Kahn offered his resignation, but Carter refused, to which he said "I don't know why the president doesn't fire me. Actually, I do. There's no one else foolish enough to take this job."

He served on many private boards on commissions addressing regulated and deregulating industries such as electricity, telecommunications, and transportation. "

https://en.wikipedia.org/wiki/Alfred_E._Kahn