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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His special comment addresses Chertoff’s vague warning about Americans being at greater risk of attack based on his gut feeling. He also talks about the government report that reported that al-Qaeda has rebuilt it’s operational strength. Great job Bush is doing on that war on terror, if that’s true…
