It wasn't reganomics (typically referring to the tax policies) but the central bank taking extreme action on interest rates to curb inflation. Prior central ba

It wasn't reganomics (typically referring to the tax policies) but the central bank taking extreme action on interest rates to curb inflation. Prior central bankers wanted to do this but didn't have the political cover. As expected this created a deep recession but after a year and a half the inflation epidemic was ended. Its considered a rare example of politicians "doing the right thing" for the country even at great short term cost.