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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Favorite quote:
Spokesman Richard Boucher confirmed Monday that Powell had indeed appointed Brown to be the first US “secretary of soul and foreign minister of funk” but said the job description for the post had not yet been drawn up.
Well, I can’t wait to read when it has been.
December 10th, 2003 at 2:43 pm
dang it all!!! I wanted that position. what a disappointment.
December 11th, 2003 at 10:44 am
George Clinton will, of course, continue in his position as ambassador to Parliament Funkadelic.
December 11th, 2003 at 10:52 am
Karen, I would have beat you for that position, and you know it.
December 11th, 2003 at 1:17 pm
No way!!!!! I would so win.
December 11th, 2003 at 1:54 pm
I can’t wait until the next time I break it down with both of you. Get up, get on up. Get up, get on up. I got the feeling…
December 11th, 2003 at 1:57 pm
Grits n’ gravy!
December 11th, 2003 at 2:57 pm
Cracklin’ gravy!
December 11th, 2003 at 3:09 pm
Fizzisle my dizzle?
December 11th, 2003 at 4:04 pm
Is that a challenge, Karen? “Living in America, got to have a celebration”. We can have it out on Saturday.
December 11th, 2003 at 6:35 pm
Sounds like a Zoolander-style dance-off. Get back the people, get back the hit me!
Heh!