“I also remember earning 14.3% on my money market mutual fund back in 1981.”
Ah yes. The good old days in 1982 when home interest rates were 17%. There was a special offer for a 13% loan which I grabbed and bought my first house. I thought I had quite a deal with a 13% home loan.
Hopefully we won’t see that environment any time soon. I would however like to see interest rates get to 4 - 5%.
If you want to have some run try calculating the interest on the national debt at a rate of 14%.
I believe it would then eat all of the tax revenues—with maybe a little more debt required just to pay more interest.