The death of President Carter, coming as it does as a change of governments is underway, is a moment to reflect on his mixed record in the White House. On the domestic front, Carter deserves credit for deregulating the airline, rail, trucking, energy, and communications sectors. His defense buildup gave President Reagan a head start in his confrontation with the Soviets. His appointment of Paul Volcker to lead the Fed helped to end “stagflation.”