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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Kieran Healy has an excellent explanation about why torture never is good policy. It’s fascinating to me to watch the power of fear come over people in this country. I’ve always wanted to believe that we’ve moved beyond this, but the fact that this is still an ongoing debate says otherwise.
