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.) More… 
Tuesday, March 3, 2015
The 15 most miserable economies in the world. Sorry, Venezuela
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.) More… 
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