In order to fix it, they have to remove dollars from the system to right-size inflation. However, if they do that, the debt grows as a share of GDP because you can only right-size the debt by stopping it and paying it down.
The corollary to simply removing dollars, is lowering the cost of production, so there are more goods for those dollars to chase. That’s what Volker did.
or a an import tariff that funds the deficit....