Volcker was a hero for single-handedly subduing high inflation. We never again had double digit inflation since then and will not have it again for many decades.
Because the supply exceeds demand due to increase in manufacturing capacity in Asia by orders of magnitude, compared to what it was during 1970’s.
Amen and thanks to you both
Well done
Volcker cure crazy oil prices driven inflation
It was tough but essential
He did not cause the 19% bank lending rates
He ended them