Back in the 1960s, when inflation was soaring while unemployment remained stubbornly high, Arthur Okun invented the "misery index" - the sum of inflation plus unemployment. As inflation came under ...
Back when inflation was first taking off in the late 1960s and early 1970s, Arthur Okun — an economist who served John F. Kennedy and Lyndon Johnson — suggested a quick-and-dirty measure of the state ...
WASHINGTON — During the 1976 presidential campaign, Democratic nominee Jimmy Carter capitalized on the economic pain voters were feeling under Republican President Gerald Ford by seizing on an obscure ...