At the time, Carter’s critics said that we weren’t running out of energy at all; the problem, they said, was price controls that had squashed American energy production.
During his four years in office, oil prices tripled, even as American oil production fell, thanks to those price controls.
Okay, so now, back to our time, to the 46th president: As we have seen, he, too, is thinking big—too big, in the eyes of ordinary Americans, who just wish to be left alone, and not be swept up in some ginormous plan to remake the country.
To be sure, Biden hasn’t mentioned the “moral equivalent of war,” and the specific issues have changed over the past half-century, from “energy crisis” to “climate change.