Unfortunately, its not really that simple. 1) Banks still set their own interest rates. The only rate set by the Fed is the Fed Funds rate - the short term rate Banks borrow from the Fed.
2) The same system Carter used was used by others that did not have has high of rates. However this was largely based on a different international economic system, where Wall Street ran finance for the world. Once Nixon closed the gold window and ended Bretton Woods, he and congress made no move to realign the internal system with the new reality.
3) Vockler and Carter/Reagan did try to do this. In many instances they made mistakes, yet we refuse to fix them. Largely because people like yelling at each other have left us with two incorrect competing systems - complete monetarist that ignores whether government spending can help the economy and complete neo-Keynesian that ignores monetarism.
The economy is Supply and Demand. Monetarism deal with supply; Keynesian deals with demand. You can't ignore 50% of the economic tools and indicators and think its going to work.
Government and the economy are complicated. Otherwise, anybody could do it (which has been proven wrong again and again and again).
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.