I remember Delaware Cash Reserve offering a CD with 16% interest back and the day, and a brief googling shows this:“In March 1980, six-month CD rates averaged 17.74% APY, and the rate rose to 17.98% in August 1981.”
And yet by 1950 this whole concept had devolved into one of those many, many Popeye cartoons in which Olive Oyl would be shown stuck between Brutus and Popeye shrieking “boys, boys, don’t fight over me!”
This controversy was also adressed with the updating of the 1960’s musical comedy “The Fantaskticks” which originally had a song about abduction but used the word “rape.” (A Casanova/Don Juan surrogate figure called El Gallo sings what is in essence a ‘patter-song’ about ordering up an abduction: “you can get the rape Fantastic, you can get the Rape Polite…” etc. Sensibilities have changed and the word rape is gone from current editions as of about 15 years ago.
(17th Century product placement)
“The shampoo I prefer is by Breck,
and it leaves my hair softer than heck”
Said Admiral Van Nes
“and if I make a mess
I can use it to swab the poopdeck!”