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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Philip Carter runs down the state of the insurgency in Iraq. As is usual for his posts, he does an excellent job tying together several reports. If you’re curious about the insurgency and don’t want to read a dozen different articles, this is a pretty good summary of what’s going on.
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