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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This is absolutely hilarious. It’s even funnier if you’re a law student or a lawyer (or are around enough of the above to understand the lingo). You could also call this, “When Law and Lord of the Rings Collide.”
December 23rd, 2003 at 2:16 pm
my favorite part: “Has anyone considered the Actions possible against Saruman for not filing an Environmental Impact statement as part of his preparations for expanding Isengard?”