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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The budget deficit is projected to be $5 trillion over the next decade. President Bush wants to spend $1 billion to go to back to the moon, and then on to Mars. So what does he propose next? Why, $1.5 billion for the “promotion of marriage,” of course! It must be that new math.
January 14th, 2004 at 12:37 pm
Makes me think of that 30 second ad, Child’s Pay.
January 14th, 2004 at 2:34 pm
Child’s Pay
January 14th, 2004 at 2:38 pm
THat is what I said…. geeze…
January 14th, 2004 at 2:43 pm
into the memory hole we go….