Can you explain BP? I have heard commentary lately that says we have a lot to thank Muldoon for with the Think Big Projects. I am genuinely curious to hear the other side of this. I presume you are referring to the Think Big projects...?
I don't see borrowing to invest in energy infrastructure and capacity as a bad thing*, where the benefits accrue over many years or decades. Maybe the subsequent inflationary aspect wasn't handled so well.....I don't know enough about it.
https://en.wikipedia.org/wiki/Think_Big
*I should qualify this where the business case stacks up.