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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I miss the Clinton days, but I don’t think his wife will be the champion of publicly financed campaigns or some other campaign finance reform that limits the fundraising that Congress has to do. Until then, stuff like this will continue to happen. We’re not a Democracy, we’re an Plutocracy with corporations (or, their very rich senior exectives) having special privileges.
