Plain English with Derek Thompson cover image

What Many Economists (and I) Got Wrong About This Economy

Plain English with Derek Thompson

CHAPTER

Revamping the Misery Index

This chapter explores the origins and evolution of the misery index, scrutinizing the exclusion of mortgage rates from economic measurements like the Consumer Price Index. It argues for a re-evaluation of interest rates in understanding the true cost of living, highlighting how recent financial burdens are not accurately reflected in current economic metrics.

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