Ben Bernanke Wants To Know If You're Happy? [Archive] - Glock Talk


View Full Version : Ben Bernanke Wants To Know If You're Happy?

08-07-2012, 17:47
It's Déjà vu all over again.
Remember Jimmy Carter's Misery Index?

Well, now the Obama administration thinks that our being happy is an economic predictor. They're either desperate or stupid.

Barack Obama will soon take his place in history as a one term loser president, right next to Jimmy Carter.

"The Federal Reserve chairman said Monday that gauging happiness can be as important for measuring economic progress as determining whether inflation is low or unemployment high."

Jimmy Carter's Misery Index

The Misery Index, created by economist Arthur Okun, is calculated by adding the inflation rate and the unemployment rate. Government statistics provide both numbers, with the yearly change in the Consumer Price Index (CPI) serving as half of the equation and the national unemployment rate serving as the other half.