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 man came home from a business trip to LA to find his entire house covered in tinfoil… down to the toilet paper. Sounds vaguely like something some of the attorneys I worked with at McGuireWoods would do.
January 8th, 2004 at 2:17 pm
Photos are here: http://www.theolympian.com/home/news/20040107/southsound/8191.shtml