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William Markle's avatar

Somebody needs to start a new statistical reference index.

We had a misery index https://en.wikipedia.org/wiki/Misery_index_(economics)

back a bunch of years ago, simply adding the inflation and unemployment numbers

to provide a quick and dirty profile of how things were doing. There was no rationale for adding the numbers, just something for news readers to read.

We have a great natural - sort of - experiment going on right now, the sort of thing economists love to pursue.

The idea - keep track of half a dozen or so measures over the next year or two, see what result. No doubt other measures can be used. Just add up the percent changes in each measure. Report by month, as best as can be done given difficulties in getting information.

- number of American kid deaths attributable to loss of medicaid or other

federally funded programs

- number of American adult deaths attributable to loss of medicare or

other federally funded programs

- increase in national crime rates, most particularly robbery, theft, and murder

- increase in American poverty rates due to inflation, loss of medical care,

or job loss

- of course, increase in unemployment rates attributable to inflation (we can

subtract out the job gains)

- increases in international kid and adult death due to loss of US funded food

and medical programs

No doubt other measures can be added or substituted. But such an index would be

good as a talking point both now and 25 years from now.

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Patt's avatar

Great image of Cheesehead!

You're friends with Cory Booker? Can we hang out? ... I thought you'd say that. 🤡

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