While I don’t think I’d go quite so far in my criticism, this is wrong. Shame on the Obama campaign for operating out of fear rather than doing what’s right. I understand why he’s doing this, and am ever-so-slightly more forgiving than Cole on this, but the ends don’t justify the means because the means come back to bite you in the ass. This one is simple to me.
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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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