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 am now in a massive state of confusion. What do I need more? The Hello Kitty toaster or the Toast-R-Shredder. The best feature of the Toast-R-Shredder:
Smoke exhaust hole features replaceable toast-odor filter
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