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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Check out Lessig’s post about some interesting edits to a press release by the Whitehouse’s Office of the Press Secretary.
December 14th, 2003 at 12:25 pm
Missed this earlier. But given today’s news and how blithely people are connecting Saddam Hussein’s capture and 9/11 … it seems fitting that I saw this now.