This is going to be the long-terms damage that this administration has inflicted on the nation. The cronyism reached to the lowest ranks of the bureaucracy, something that seems very different than the sorts of cronyism one expects at the top of the tree. (via Atrios)
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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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