Toro
Diamond Member
Socialist paradises Venezuela and Argentina, as well as conservatards' hero Putin's Russia.
The 15 Most Miserable Economies in the World - Bloomberg Business
Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, once said. Add rising unemployment to the diagnosis, and his profession ascribes a rather non-technical term to the debilitating effect on people: misery.
That affliction this year will be most acute in Venezuela, Argentina, South Africa, Ukraine and Greece — the five most painful economies in which to live and work, according to Bloomberg survey data that make up the so-called misery index for 2015. (It's a simple equation: unemployment rate + change in the consumer price index = misery.)
That affliction this year will be most acute in Venezuela, Argentina, South Africa, Ukraine and Greece — the five most painful economies in which to live and work, according to Bloomberg survey data that make up the so-called misery index for 2015. (It's a simple equation: unemployment rate + change in the consumer price index = misery.)
The 15 Most Miserable Economies in the World - Bloomberg Business