Chapter
Understanding the Misery Index
19:28 - 22:24 (02:56)
The Misery Index is a measurement tool that factors in inflation and unemployment to create a snapshot of an economy's well-being for a particular day. This index can also be used to predict changes in political leadership.
Clips
The misery index was created by Arthur Okun to provide a snapshot of the economy's well-being, based on inflation and unemployment.
19:28 - 22:24 (02:56)
Misery Index
Summary
The misery index was created by Arthur Okun to provide a snapshot of the economy's well-being, based on inflation and unemployment. Its usefulness also extends to predicting a change of presidency.