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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Looks like the Pentagon missed their deadline to update Congress about their plans and strategies in Iraq. This report is required by law. Once again, we see behavior from the White House that shows disdain for the law. Complying with the law… that’s so beneath them.
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