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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.

(via @newsweek, Newsweek’s Twitter feed)

2:42 pm | leave a comment
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Hilzoy, as is her style, is much more fair and on point about Ferraro than I would be. My reaction is, Ferraro is a racist and an apologist for bigotry in it’s most common form. When you explicitly ignore a person’s positions, writing, family history, class, and upbringing (basically everything BUT race) and then state that for some reason, you just can’t vote for them, you’re saying their race bothers you. And that’s racism.

Geraldine Ferraro is an embarrassment to the country.

Of course, like I said, Hilzoy is much more fair than I, and writes a very interesting piece to boot. Click the link and check it out.

1:28 pm | leave a comment

Absolutely hilarious. Geraldine Ferraro needs to shut up and go home.

12:12 pm | leave a comment