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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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Seriously, this video is pretty much the ideal response to the whole thing. McCain’s campaign ought to be embarrassed, and the rest of us can laugh at both his campaign and Paris’s response.

(of course it is Paris Hilton, and she gets the details of the energy policy wrong… drilling wouldn’t carry us over because it would take 5-10 years before any of that oil actually entered the market)

11:06 pm | 2 comments

She’s a maxed out donor to the McCain campaign, btw. Of course, the McCain campaign is frivolously spending a lot of things: their dignity, honor, and reputation… but, that isn’t going to stop them from crying “racism” all day long (yes, I mean the McCain campaign).

4:43 pm | leave a comment