Among the many mysteries of 2006 was “Why are people voting for Joe Lieberman?” In the numerous post-election analyses, the common thread was that he was going to be a power broker in Washington, able to bring back key dollars and legislation. It doesn’t seem like that vision is panning out. On top of that, we’re stuck with this idiot for 6 years.
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sujal
11/24/2008
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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