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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Hey, this guy is funny, though I have to say I don’t like all of the banners there… some are a bit over the top.
I like this one too:
except I don’t really consider myself a liberal… (more on that later tonight).
Found of the ever-popular Wonkette.
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