Perspective, people!

February 21st, 2018 at 3:58 pm

Over at WaPo. I left out one figure/point due to space constraints. The other day when the CPI report came out slightly above expectations, as I discuss in the WaPo piece, a few freaker-outers actually started talking about 70’s-style stagflation. So here’s a graph of how we measured stagflation back in the day, using the “misery index,” or unemployment + inflation. Not quite back to 70’s levels, I’d say.

Sources: BLS


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One comment in reply to "Perspective, people!"

  1. Smith says:

    I would further help to ad a line showing the price oil.