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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I’m seeing more and more analysis of how the recent “orange alert” may have actually hindered our efforts to infiltrate al Qaeda. And the major selling point for re-electing Shrub is supposed to be that he’ll do a better job keeping us safe?
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