"The curious task of economics is to demonstrate to men how little they know about what they imagine they can design"--F.A. Hayek
Wednesday, March 31, 2010
How Miserable is the Economy? Check out the "Misery Index"...
The "Misery Index" is the sum of the Inflation Rate PLUS the Unemployment Rate. The Misery Index was created by economist Arthur Okun and is found by adding the inflation rate to the unemployment rate to give an overall indication of the state of the economy (Inforgraphics). The graphic also includes the measure along with the majority party in power in Congress at the time...
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