Brian C. Joondeph, M.D. – Hurricane season is officially underway, beginning June 1, and extending to November 30. Expect the usual stories about hurricanes becoming more frequent and severe due to global warming, despite contrary evidence.
What about a new type of hurricane? Not rain and wind, but an economic hurricane of stagflation, a toxic combination of high inflation and stagnant economic growth. This hurricane is so miserable that a term was coined to measure the misery, aptly named the misery index, the sum of the inflation and unemployment rates. Continue reading