KK,
No citation. I will pull back on my assertion that he reigned in the federal reserve. I was quite young in 1982, and what I remember was the 20% interest bankrupting my father and practically the whole country. My feeling is that he put pressure on the feds to back down on this policy. Under Carter, the federal reserve seemed to do what ever they wanted, and as a result we ended up with the recession of 1982. Could be wrong though, but that was my impression.

Do you really believe that the high interest rates helped our country? It is my opinion that the inflationary pressures were coming from other places then expansion, such as the energy crisis, and that the increase in the interest rates did not work as they should have. As the rates went up, so did inflation. Eventually they just bankrupted so many people that the economy collapsed into a recession. The analysis I remember from college was that the policy was a complete failure. Agian, I was quite young, so I will acknowledge I have no great grasp of this time period.