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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The Estate Tax and the AMT… one protects the rich who have more than $2 million in assets (2% of estates), the other affects 23 million families (something like 15-20% of taxable households in the U.S.) Ah, Republican priorities…
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