… The problem is that when inflation gets very high, government thinks its needs to hit the economic brakes hard, and that usually leads to a bona fide recession. Supply side economics is the right answer. It sees growth as the solution, not the problem. Tax and regulatory easing to help with growth and monetary tightening to help with inflation. Forcing a recession to fight inflation is all pain and no gain. It’s time to bring back Reaganomics.