CARTER And CARTER: The Return Of The 'Misery Index'
Font Size: With gas and food prices surging (along with seemingly every other price), Americans are suddenly talking about the so-called “Misery Index.” Americans who lived through the Jimmy Carter years will likely recall the Misery Index: it’s the sum of America’s inflation and unemployment rates. As the name suggests, higher is bad. But only so much. Consumers and economists alike were shocked by last month’s 4.2 percent inflation rate. It was the fastest year-over-year inflation rate since September 2008. Combined with April’s 6.1 percent unemployment rate, America’s Misery...
Source: dailycaller.com