Some time ago, Kim posted about how workers at a factory Bush visited as part of his Jobs and Growth tour had their pay docked because of the visit (they had to either make up the time spent at the speech or lose the pay). Well, another factory that was on the Jobs and Growth tour is going to shut down. Jobs and Growth indeed.
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sujal
11/24/2008
Newsweek’s Daniel Gross explains the Consumer Price Index (here’s the official BLS site) in a very simple video. I could do without the goofy sound effects, but it’s a good, 2 minute explanation of how the government tracks inflation.
Per David Simon’s Berkeley talk, though, the video doesn’t go into why this matters. Perhaps they’ll cover that in the next installment of the Economics 101 series.
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