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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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Are you kidding me? An ethically challenged former Rep. as head of the Office of Management and Budget?? (via this site via Technorati)

1:27 pm | leave a comment

Ah, yes, more Liberal bias. It’s clearly before they go on the air, and unsurprising that Matthews, a Republican supporter, basically acts as fluffer to DeLay. Via Atrios.

5:28 pm | leave a comment