National Review: John Judis Is Wrong

From today’s National Review:

According to Reynolds, the degree of economic crisis should be measured by the misery index . . . You add up the rate of unemployment and the rate of inflation. The higher the total, the more trouble we are in. By this measure, Reynolds argues, the economy today is in much better shape than it was, say, in the 1970s when inflation was in double digits. . . . But there is one small problem wit…

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