I remember when trying to buy a house during "Jimma's" reign, the interest rate was double digit, yeah like 10 to 13% or more.
That was pretty much like using your VISA card to buy a house.
I also remember that towards the end of his four year reign, regular people could not afford to wear nice clothes - the Carter "uniform" was worn out tee shirts and jeans and broken down tennis shoes. And haircuts. Who got haircuts? Who could afford a haircut?
And then, there were the gas lines.
So, his personal experience is bonafide crap.
The interest here in N.J. went as high as 22% during Carters four year run to oblivion.