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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I know I’m starting to sound like a broken record about Lieberman, but I don’t know how else to remind people how bad a choice he was in November 2006. So many people fell for his crap. He is a liar and a hypocrite and demonstrates a startling lack of judgement on all things foreign policy.
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