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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You can’t make this stuff up. And yes, that’s the for real White House web site. If it’s still there when you get to it. If not, you can see the version posted to pandagon.net that I’ve checked is exactly the copy of the Press Release on the White House site.
January 23rd, 2004 at 9:51 am
maybe we could buy him some sense…
January 23rd, 2004 at 10:22 am
I dunno… the deficit is big enough. I don’t know if we could afford getting sense for him.
January 23rd, 2004 at 12:58 pm
I want one rib. One rib! You got change for a hundred?