Yeah...I joined the Army around the start of the Carter years, and then watched my pay turn from 'Okay' to 'Nothing' in four years of runaway inflation and stagnant military pay - and on top of that, with three years of it in Germany, what his economic genius did to the Dollar-Deutschmark exchange rate was like pouring gas on that particular fire.
Carter's DUmbass economic genius resulted in our dairy farm having to declare bankruptcy. (Refer to Mr. Peanutbrain's PIK Program, for Payment In Kind, his answer to increase corn prices.)
What it did was if a farmer agreed to take his corn acreage out of production for a year, he would recieve 80-90% of his yearly production in shell corn. The land had to lay fallow, it couldn't even be grazed. Fair enough, BUT, hidden in the fine print, was the stipulation if corn prices reached a target price, (it did), the farmer would have to pay the government back, AT CURRENT MARKET PRICES, for the corn he got the previous fall!
The only good thing about 1979, besides getting married, was graduating college debt free.