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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Some folks are saying that Paulson’s announcement today could lead to a trillion dollar final price tag. ProPublica takes a look at the history of government bailouts and produces this cool chart.
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September 25th, 2008 at 12:09 pm
How about helping out the people who lost there homes, instead you bail out big business first you suck.
September 25th, 2008 at 3:33 pm
Alexander Hamilton in 1791 created the first bailout when Federal Gov’t assumrf state debt after the revolution.
September 25th, 2008 at 6:02 pm
All of these seem to be under modern Republican administrations. Why is the party of conservative small government always borrowing from our children to pay for our sins? Between this bailout, the war in Iraq, and FannieMay/FreddieMac…wow! Depression time.
September 25th, 2008 at 6:20 pm
How about Americans actually living within their means. If people learned to be happy with what the actually have, and stop trying to keep up with the Jones, we would not be in this big of a mess. What can I say, It’s a Jonesy world.
September 25th, 2008 at 9:53 pm
how about can we say, rothschild, and ppenheimer. and jp morgan. hmm many want to believe
that its our country doing this when our president is just a pawn on the big scale. they have the power to build and control and ruin major economies