[ceejayoz]

> The world is awash in capital, no one is going to borrow from you at 5%+.

https://www.valuepenguin.com/mortgages/historical-mortgage-r...

> Continued hikes in the fed funds rate pushed 30-year fixed mortgage rates to an all-time high of 18.63% in 1981.

[H8crilA]

Exactly, Paul Volker is the last Fed president that actually implemented a policy (of killing inflation), rather than just respond to what the market tells him to do.

He is remembered as a hero. Ray Dalio did an interview with Volker not long before Volker passed away:

https://youtu.be/mMN17uBzCw4