I was only 10-11 during the 1981 recession. Only thing I remember that it was all Reagan’s fault. Even though he had only been in office for 3 months.
Democrats can easily lie about stuff because they've got the corrupt 'press' in their pockets. No one is going to 'fact check' democrats on anything that might make them look bad.
So you’re the same age as me.
Carter appointed Paul Volcker near the end of his first (and only) term, to fix inflation. Reagan caught moist of the pain from that but it did shrink the money supply and we experienced growth after a fashion. As I recall...
That’s because in 1981 the media was horrifically biased to the left, and worked overtime to present anything and everything conservative as being both evil and incompetent.
Now they’re much worse.
I’m same age as you, my parents bought a house at 12% APR thar year. They still haven’t paid it off.