I wonder if you actually think there’s a way out of the mess that’s been created over the last 14 years?

Depends on which side of the life begins at conception/birth debate you're on ;)

I took your suggestion as suggesting the fed should bump the rate up to nearly 10% in one go, with no warning, which isn't what they did back then.

I also think the artificially induced recession wasn't even necessary. It's more likely that Regulation Q reform is what actually ended that inflationary period.

I believe my parents had a 17% interest rate on their mortgage back then.

Long-term, high levels of unemployment are a nightmare.