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 don’t support Ron Paul, but this is wrong. He should be a part of the debates if Thompson is and, quite frankly, even if Thompson isn’t. His poll numbers are good enough in a race where the leaders are polling in the 20s. And we all know how well he’s fundraising.
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