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 love it. It is my new best friend… I have permanent burn marks on my legs now from sitting with it on my lap the entire weekend in front of the TV…
Update from sujal: I was trying to keep it quiet, but I just bought a 20″ iMac. No fancy photograph for me. 
December 1st, 2003 at 12:16 pm
hey uhh can you do that?? can you do an update on my posting?? however 20 inch imac is very cool, i just checked it out at the apple store.