The results are in, Argentina is the fourth most miserable country in the world… according to a libertarian think tank in Washington, DC using classical macroeconomic measures first instituted in the 1960s to track the popularity of US presidents. Okay, maybe the results are not quite “in.”
News of the Cato Institute’s Misery Index landed on various local news outlets today and, concerned, we took it upon ourselves to investigate.
To the library, Harry! Let us examine the information. The index was originally created by economist Arthur Okun to measure the success and predict upcoming polls of various US presidents back in the 1960s when Lyndon Johnson held office. A modified version has since been applied by Cato — a libertarian DC-based think tank — to the world at large. According to the results of the 2015 survey, Argentina was indeed ranked as the fourth most miserable country in the world. It placed after Venezuela, Ukraine and Brazil and just above South Africa, Russia, Iran, Palestine and Jamaica.
Right, because Jamaicans are known for their Palestinian levels of misery….