Misery Index (economic): Difference between revisions
No edit summary |
focuses too much on the term as used by carter--needs more on how it was developed, what economists think, more recent history |
||
| Line 1: | Line 1: | ||
{{cleanup-date|February 2006}} |
|||
During the [[U.S. presidential election, 1976|Presidential campaign of 1976]] campaign, Democratic candidate [[Jimmy Carter]] made frequent references to the '''Misery Index'''. The term -- coined by Chicago Economist [[Robert Barro]] in the 1970s -- simply adds together the rates of [[inflation]] and [[unemployment]], and by the summer of 1976 the Misery Index was 13.57%. Carter stated that no man responsible for giving the country a misery index that high had a right to even ask to be President. Carter, of course, won the 1976 election. However, by [[1980]], when President Carter was running for re-election against [[Ronald Reagan]], the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan. |
During the [[U.S. presidential election, 1976|Presidential campaign of 1976]] campaign, Democratic candidate [[Jimmy Carter]] made frequent references to the '''Misery Index'''. The term -- coined by Chicago Economist [[Robert Barro]] in the 1970s -- simply adds together the rates of [[inflation]] and [[unemployment]], and by the summer of 1976 the Misery Index was 13.57%. Carter stated that no man responsible for giving the country a misery index that high had a right to even ask to be President. Carter, of course, won the 1976 election. However, by [[1980]], when President Carter was running for re-election against [[Ronald Reagan]], the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan. |
||
The lowest index since 1948 was 2.97%, in August 2001. |
The lowest index since 1948 was 2.97%, in August 2001. |
||
{{stub}} |
|||
==External link== |
==External link== |
||
* [http://www.pbs.org/wgbh/amex/carter/tguide/ PBS.org Teachers Guide: Jimmy Carter and the Misery Index] |
* [http://www.pbs.org/wgbh/amex/carter/tguide/ PBS.org Teachers Guide: Jimmy Carter and the Misery Index] |
||
Revision as of 19:04, 25 February 2006
You must add a |reason= parameter to this Cleanup template – replace it with {{Cleanup|February 2006|reason=<Fill reason here>}}, or remove the Cleanup template.
During the Presidential campaign of 1976 campaign, Democratic candidate Jimmy Carter made frequent references to the Misery Index. The term -- coined by Chicago Economist Robert Barro in the 1970s -- simply adds together the rates of inflation and unemployment, and by the summer of 1976 the Misery Index was 13.57%. Carter stated that no man responsible for giving the country a misery index that high had a right to even ask to be President. Carter, of course, won the 1976 election. However, by 1980, when President Carter was running for re-election against Ronald Reagan, the Misery Index had reached an all-time high of 21.98%. Carter lost the election to Reagan.
The lowest index since 1948 was 2.97%, in August 2001.