God, I remember those days. Dreary. It seemed the whole economy was going out of control, and this annoying little hemorrhoid in the White House was telling us we'd just have to learn to live with it--
"austerity" he called for--in America, during peacetime!
Having no clue, he tried the kitchen sink approach, and the misery index just got worse.
Fortunately the Fed tightened up money and Reagan brought leadership to the land. The inflation rate began to drop within months of his inauguration and has never really looked back.
Carter went to on to implement credit controls which were disastrous. Volcker tightened money with Reagan's approval, and it caused a big recession, but I think it did more to restore confidence in the dollar than anything else. The biggest weapon that can be used against inflation is economic growth, and that depends on investment and innovation, which prospered under Reagan.