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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Turns out Gen. Petraeus isn’t going to write the report, nor will it be the exclusively or primarily the opinion of the General, the Ambassador, and folks on the ground in Iraq. Instead, it will reflect the opinion of the White House. Is there now any doubt that the report will show progress regardless of what’s actually happening?
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