I read this title as "In the deepest despair, electroconvulsive therapy offers hype" and tend to agree with my misreading of it, is it the memory loss that makes patients to forget about their depression? Psychedelics can sometimes cause you to forget who you are and reset some brain circuits but at least it's temporary and could be done in a more controlled and comfortable settings. I would argue that the long term memory loss caused by ECT is often more debilitating than any side effects that psychedelics could produce.