Yeah I knew I was going to have a hard time getting that statement over the plate. Volcker was appointed in 1979. He crashed the economy. We all agreed it had to be done.
I was trying to make a larger point about demand side econ that the recessions were mild. The problem with the 1980 recession was Volcker was lighting up some supply side mojo.
I gots it backwards. Take for what its worth but supply side recessions are deeper than demand side recessions. Just throw 1980 in the supply side count.