Volcker got us out of that recession quickly and there was 25 years of prosperity beginning with Reagan. The medicine was painful but it cured the economy. Now we have an economic depression to go wbith our low low mortgage rates, if you can find a paying job and save up the down payment.
That's hilarious.
The cure was worse then the disease.
Reagan used defense spending to get the economy going after the Carter "malaise", which was really the aftereffects of the Iranian oil crisis and the oil price increases.
The economy in the U.S. didn't start moving until 1994 when the Gingrich Congress lowered taxes. Greenspan finally responded by lowering the interest rates that had been held artificially high for too long in the secular "fight" against inflation.
Volcker overdid it badly and it was borrowing for defense and tax cuts that kept the 80's limping along. Unfortunately that left us with debt which anyone can see increased steadily during that period.
Neither of them understood the non-linear response of a fiat currency based monetary system and thus they both caused problems they didn't understand.