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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As Payal points out in the previous story, CNN has finally decided that yeah, maybe it should report on the Scalia/Cheney vacation. As always, Google News can help you find other coverage.
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