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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Sen. Lindsey Graham, another Republican for whom I used to have some respect, claims that 100 troops, 3 choppers and 2 Apaches had nothing to do with his ability to walk through a Baghdad market.
There are no honorable, prominent Republicans left in the Senate.
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