Agree 100 percent!  I too lived thru those years, my first mortgage was exactly 14 percent.  At the same time a money market account was making me nearly 18 percent.
I remember sitting in gas lines waiting to get gas, depending on whether you had an odd or even license plate number!
Was out looking for gas in Seattle one day, and a local station had a big sign up, top off your tank!!  So I pulls in with my shiny new 1972 F250 and wait for a while, get up to the pump, fill my tank, and oops!!  Had about 3 bucks in my wallet and no CC!
Station owner was like many then packing a pistol on his hip. "uh SIR, I seem to have screwed up and filled my tank but cant pay for it".  Looks at me like I owed him money!  Wait, I did owe him money!!  
Says he, "them keys, lets have 'em, go get the money now". Handed him my keys and luckily a bud lived only about a half mile away, all down hill, so ran down, borrowed some money and got a ride back up the hill and got my pride and joy out of hock!
Those were the days, and I hope we never have them again!