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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The internals show a potential bias toward the Democrats (few self-identified Republicans in comparison to Dems, Independents are second, close to Dems total), but that just may reflect the reality of the field — would you identify yourself as a Republican if you believed in science over ideology?
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