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’ve added the TAC blog to my RSS reader a week ago after a Eric Martin recommended it in a post at ObWi. While I don’t agree with them on policy (generally), at least we seem to agree on basic facts. Good, principled disagreements I can handle. That’s what politics is about, after all. Recommend you give it a try.
If they continue to be good, I’ll include it in the blogroll in a few weeks.
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