President Gerald Ford is being remembered today after passing away last night. Much is being said regarding his legacy of healing the nation during a time of great turmoil, inheriting the loss of the Viet Nam War, wrestling with an impeached President Nixon, and riots and demonstrations in America's streets. His legacy is laudable on many fronts. His ill-considered pardon however, damaged America and continues to do so.
Gerald Ford chose Alan Greenspan to fight inflation. Ford was instrumental in making inflation job one for the Federal Reserve. Pres. Ford had the wisdom to refuse the Fed Chairman's appointment every 4 years with each new president; thus removing in part, the political partisanship that would have damaged economic monetary policy far more than it occasionally does. Pres. Ford took the responsibility for removing our troops from the roof tops of Viet Nam and closing down that civil war without end, as long as we remained.