Steve H. Hanke
The human condition inhabits a vast continuum between “miserable” and “happy.” In the sphere of economics, misery tends to flow from high inflation, steep borrowing costs and unemployment. The most surefire way to mitigate that misery: economic growth. All else equal, happiness tends to blossom when growth is strong, inflation and interest rates low, and jobs plentiful.
Many counties measure and report these economic metrics on a regular basis. Comparing them, nation by nation, can tell us a lot about where in the world people are sad or happy.
Would you consider the United States to be more or less …read more
Source: Cato Institute
