Money.CNN.com recently reintroduced the concept of the ‘Misery Index’, which is a metric produced by combining the rate of inflation plus the rate of unemployment, which “was last heard of in the 1980’s” when both of the rates were soaring and people were miserable. Using “official” numbers of 3.9 % inflation with 5% unemployment produces a current Misery Index of only 8.9. Anybody even partially believing the government’s “official” rate of inflation or “official” rate of unemployment has got to be a raving lunatic.
June 17th, 2008 | Mogambo Guru | 4 comments | Continued