Chapter
The Misery Index and Watergate
22:24 - 24:55 (02:30)
The "Misery Index" measures the inflation rate plus the unemployment rate, and in 1974, it jumped to a high of 17 during the Watergate crisis, making some people believe that if the index was low, Watergate wouldn't have been as impactful.
Clips
In this episode, the hosts discuss how the misery index, a measure of inflation and unemployment, can impact presidential elections by making voters more likely to vote for a candidate promising change.
22:24 - 23:32 (01:08)
US politics
Summary
In this episode, the hosts discuss how the misery index, a measure of inflation and unemployment, can impact presidential elections by making voters more likely to vote for a candidate promising change.
ChapterThe Misery Index and Watergate
EpisodeSelects: What's the misery index?
PodcastStuff You Should Know
The "misery index" is a term coined by economist Arthur Okun in the 1970s to measure the combination of inflation and unemployment rates, and it greatly impacted the popularity of President Nixon during Watergate as well as his re-election chances.
23:32 - 24:55 (01:22)
economics
Summary
The "misery index" is a term coined by economist Arthur Okun in the 1970s to measure the combination of inflation and unemployment rates, and it greatly impacted the popularity of President Nixon during Watergate as well as his re-election chances.