The Misery Index is an economic indicator calculated by adding the unemployment rate to the inflation rate, and is used to measure the economic well-being of a country, with higher values indicating greater economic distress and lower ones less economic pain. There is officially no set \u00ab\u00a0optimal\u00a0\u00bb number, because that depends on economic context and policy objectives, making it a balancing act. Nonetheless, I\u2019m of the firm opinion that the magic number is 6.0 – 2.0% for inflation and 4.0% for the unemployment rate – suggesting that inflation should be around \u2153 of the number concerned…<\/p>\n
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