Infographic: National Misery By Congress
Visual Economics has posted an infographic on the misery index and mapped it against the party of Congress that is in power. The misery index is the combination of the unemployment rate and the inflation rate. Right now we have a low inflation rate, and high unemployment. Back in the 1970s and 1980s we had a high combination of both, until Paul Volcker raised interest rates sky high and killed inflation. However, as I have said before, Correlation does not imply Causation.