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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It turns out, unknown to me, there is an annual Boston Santa Speedo Run down Newbury street in Boston. Who knew? Sujal, you are really missing out not living in Boston anymore 
December 16th, 2003 at 2:00 pm
Well, it was on my birthday.
Otherwise, there’s no question, we would have been there! Right, Karen?