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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– A staff writer for the WaPo that covers the Secretary of State compares Baghdad security on Rice’s last trip to previous trips. Striking how much the insurgency has affected daily life even inside the Green Zone.
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