Biden’s Misery Index

Michael Busler
4 min readFeb 12, 2021

The President’s proposed policies will lead to a stagnant economy with rapidly rising prices.

In the late 1970s, the US experienced an economic condition known as stagflation. This meant the economy was not growing, yet prices were rapidly rising. One measure of just how bad things were, was the Misery Index. This was found by adding the inflation rate to the unemployment rate.

--

--

Michael Busler

Dr. Busler is an economist and a public policy analyst. He is a Professor of Finance at Stockton University. His op-ed columns appear in Townhall, Newsmax.