I knew 1975, Willie. 1975 was NOT a good friend of mine -- or other living creatures who like prosperity.
Has the dollar declined since then? Or have we wrung out inflation? Perhaps you don't recall Jerry Ford and the stupid WIN buttons. Or wage and price controls? Or double digit mortgage rates?
Oh, I rember those "wonderful times" when I got caught in big debt with a 17% mortgage. The supposed "good old blue collar days when a worker could afford a house"... NOT!!!!! I recall working 20 hrs a day to keep my last nostril above water too! Damn near lost it all back then.