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.
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.
I would read that! Some of the data might be hard to obtain especially if Trump gang start changing all the numbers in their favor.
Great image of Cheesehead!
You're friends with Cory Booker? Can we hang out? ... I thought you'd say that. 🤡
Cory Booker is relentless.
https://youtu.be/cZi_q9fwQfg?si=zkDt_EiGP7xYdzfF