jump to navigation

The Misery Index April 2, 2009

Posted by tomflesher in Academia, Economics, US Politics.
Tags: , , , ,
add a comment

The Misery Index is a measure of national economic health derived by adding the unemployment rate to the rate of inflation. It was famously used by Jimmy Carter to declare that Gerald Ford, under whom the rate had risen to 12.5%, had no right to run the country, and then by Ronald Reagan to declare that Carter was unfit for the presidency after it rose to over 20%. (It’s available in real time at MiseryIndex.us.) (more…)