Volcker used a blunt weapon: He tightened the money supply. The economy went into a nosedive. Facing a presidential election, Carter was reluctant to back such harsh measures.

• Volcker使用了一件钝武器:他减少了货币供给。经济发展急剧减速。面临总统选举的卡特不情愿支持这么一项严厉的措施。