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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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With an anonymous source, and no credibility for the AP or CNN, do you believe this? It’s all we have so far that indicates that at least this wasn’t the Bush administration’s direct fault…

11:28 pm | leave a comment

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4:53 pm | leave a comment