Taxes can do that, and were used this way after WWII to slow down a red-hot economy. The trouble is in the timing, because there's a point where you have to to

Taxes can do that, and were used this way after WWII to slow down a red-hot economy. The trouble is in the timing, because there's a point where you have to to take the brakes off, and the political will to stop collecting "all that money?!?!" often fails.