Yeah. Volker was brought in by Carter. And Reagan got all the credit - supposedly he tricked the Russians into thinking the Star Wars program actually worked

Yeah. Volker was brought in by Carter. And Reagan got all the credit - supposedly he tricked the Russians into thinking the Star Wars program actually worked and that was why they went bankrupt. Things have obviously changed - but the basics are still there: inflation comes from monetary and fiscal expansion - once the spiral picks up - commodities lead the way - and that’s the Russians.