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’m not optimistic enough to trust that this is meaningful, but when Fox News calls McCain out for lying, perhaps it’s a sign that, you know, they should consider stopping?
Nah… Megyn Kelly is probably getting reprimanded as we speak.
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