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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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He’s a Wall St. guy that contributes to CNBC and, more importantly, blogs over at the Big Picture. He’s always got good insights into the market and economic policy. I like his honest style and habit of backing everything up with numbers, graphs, and sources. It’s a rare thing, especially when people talk about the economy.

It doesn’t hurt that I agree with him (generally) about macro policy as well…

9:57 pm | leave a comment

This is one of the best answers he gave in an interview with Glenn Greenwald for Salon.com. This is a major challenge we face as a nation with regard to terrorism, the balance between security and civil rights. His answer is the best one I’ve heard, period.

It saddens me that it even has to be an issue — the fact that “defending the Constitution” even has to be an issue in the presidential race.

But there is an audience for this. This is really important. This is not a narrow audience. This is a broad audience. This is an audience that will surprise you if articulated well. We can win on this.

A campaign for president allows you to have a megaphone here on a national scale to talk about these things, at a time when this crowd, if it continues, can enable you to stop them, do even more than raise the issues. But secondly, if I don’t win this thing, I want everyone else to be talking about these issues.

I think it reaches into a conservative constituency who ought to care about this as much, and does in many ways. So it gives us a chance to do that.

I carry every day, and have for 26 years, a copy of the U.S. Constitution given to me by Robert Byrd [takes Constitution out of his back pocket]. And to me, what could be more fundamental? With all due respect, I care about health care, education, global warming. But if you get this wrong — what do you got? A trade association. Who wants to be president of a trade association?

And this [holding the Constitution] is the spark, the illumination, it is, if I may so say, the envy of many around the world. We have been a guiding set of principles. What is going on with the rule of law isn’t just happening here. . . Other countries are saying, “We can do this, too.” So there has been an erosion in the world with the rule of the law. Having led the world in the rule of law in the post-World War II period, and having nations reluctantly moving in the direction we were moving in, and they now see the U.S. has retreated, and they are making a hasty retreat themselves.

Josh Tucker [of NYU] makes the point about the Soviet Union collapse — You can make the case that it was military, and that was part of it, but he believes and I believe that it was the rule of law. It was Eastern European countries recognizing that this was a total sham, beginning with the Prague Spring and 1956. The Soviet Union collapsed because it rotted from within, they just rotted without the rule of law. So in addition to the other factors, this has international reverberations, beyond just what happens in our own country.

GG: Well, it is good to see the real passion and conviction that you obviously have for these constitutional issues.

CD: I will never forget, it was a night in New Hampshire back last fall, and I’m talking about health care and talking about education and something else — and I said “I just want to share with you something I care about.” And I talked about this and the room exploded. And I was startled and I realized, “God, people really do care.” I thought I was the only one who did. You sound very arcane when you talk about the Military Commissions Act. But this really reasonates [sic. -- sujal].

The brackets above, except for the very last one, are in the original piece on Salon.com. They are not my additions.

This is why how we debate changes like the current FISA bill matter so much. We are the standard bearer for the Rule of Law. The United States should stand for that, so when we see our Vice President playing Constitutional games (not part of the Executive??) or the President taking shortcuts around the courts and around Congress, we need to stand up. Dodd’s consistent stand on this issue is another reason I’m supporting his candidacy.

The only way he can get this message out is if he can stay in the race and make a strong showing in the early primaries. He needs to be part of the debates, on TV and in the campaign. Until public financing happens, that means he needs money. Hit the blue button on the left and donate to his campaign today.

The rest of Greenwald’s interview with Dodd is pretty good, and he asks some tough questions, especially about the FISA debates. Worth reading the rest.

6:11 pm | 1 comment

The first part of Heidi’s interview is up on her blog. If you’re a West Hartford resident, definitely swing on by and give it a read. I’ll be adding her to the list of candidates to the left once ActBlue adds her in. Our neighbor is professionally involved in politics and says that Beth has a tough district to win just based on demographics and a long-time incumbent. We’ll see how her campaign goes.

11:28 am | leave a comment

It’s actually a good interview, even if you’re not a Sox fan.

1:31 pm | leave a comment