It’s the reverse but yes similar. It’s just much easier to correct than deflation. The medicine is tough (see Volcker in 1981-82) but relatively short lived.
(imho) a huge maybe ... it worked then because the tax code was reformed and made more business friendly. (imho) we do not have that similar situation as was at that time instead we have just the opposite. Still of the opinion we are in uncharted territory. Don’t know how this will end and we all have to wait and see because government has deemed it to be as such. Might be a long, long ride this time though with reform to the tax code making the tax code business friendly.