Think like a banker.

Volcker supposedly cured inflation with higher rates, but that just squeezed money to those growing the economy, building houses, businesses, etc. While giving more to those sitting on piles of cash and lending it out. Which would seem to increase the excess. So it was Reagan's deficits that really cured inflation. Voodoo economics.

The treasury sucking up the excess and spending it on more guns and ships.

Though mostly just kicking the can down the road, but the bankers were happy.

Sorry haven't got around to reading, but off to work this morning.