Employment rose continuously. Inflation did not rise. There is little evidence that he did. The first is that full employment is benign, something not to be feared but to be proud of, something to value and to defend. Moreover, as we learned in 1999, full employment accelerates productivity growth, so that high rates of growth tend to pay for themselves, for a while.
Full employment is, therefore, worth running risks for.
It is not the misbehavior of workers we should fear, but that of capitalists. The destabilizing effect of financial speculation can be tamed only by powerful regulation. Instead he did nothing. After 1998, with capital fleeing Asia for American shores, the old objectivist let the tech boom develop into a huge financial bubble. Margin lending exploded.