What payments? Delaying payments do not stops inflation, because it do not stops deficit. Stopping deficit does stops inflation, and that's what he did, and that's the very first thing Hazlitt mentions in his section on how to cure inflation: "It is next to impossible to avoid inflation with a continuing heavy deficit. That deficit is almost certain to be financed by inflationary means—i.e., by directly or indirectly printing more money." That's exactly how they are proceeding. First end the deficit, then you can end the emission.