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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… you’ll need it if you’re going to wear a bathing suit while on a Kentucky highway. Unless, of course, you weigh more than 200 lbs. What about 95 lb. dogs?
November 25th, 2003 at 10:33 am
Dagnabit. There goes my plan of hitchhiking through KY to TN for my roomie’s wedding in my bathing suit.