This is essentially what Reagan/Volcker did at the beginning of his term and it worked out great for Reagan.
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You’re baffled because you don’t know wtf you’re talking about. Volcker tightened the money supply to get control of inflation so that the economy could grow. Reagan in an act of political courage told Volcker to do it, even though he knew it would cause recession. When Reagan left office the DOW had tripled, and after years of high inflation and no economic growth through Ford & Carter, inflation was dramatically down, and growth was strong. We ate off that act of political courage for the past three decades.
Now we once again have the best and the brightest of ivy league pinheads at the levers of power. The destruction they will leave in their wake will be monumental.
