Very nice writeup. My only critique is the need to “lay off workers to stop inflation.” I have no doubt that some (many?) managers etc… believed that to be the case, but there’s rampant evidence that the spike of inflation we’ve seen over this period was largely due to corporate greed hiking prices, not due to increased costs from hiring too many workers.
“Strategy” implies he actually thinks about it. I think it’s just a reflex; fault belongs elsewhere, always. The man is incapable of critical thought, especially inward.