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Started during LBJ's administration and made famous by Carter.
I'm wondering if the misery index will enjoy a resurgence in popularity if Obama is elected?
According to http://www.miseryindex.us/, "The misery index was initiated by economist Arthur Okun, an adviser to President Lyndon Johnson in the 1960's. It is simply the unemployment rate added to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation both create economic and social costs for a country. A combination of rising inflation and more people of[sic] out of work implies a deterioration in economic performance and a rise in the misery index."
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What Jack Smith Left Out
22 hours ago
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