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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Many Republicans, including Sen. Martinez (R-FL), have returned campaign contributions linked to Rep. Bob Ney or Jack Abramoff as a statement against the corruption. Well, Sen. Martinez has a tough choice: Abramoff co-chaired a $250K fundraiser for him. Will he return all of it? Read the rest.
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