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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Here are some funny things to while away your time at (in decreasing order. Or something. Bottom ones are funniest):
2) How Many Craigslisters Does It Take to Change a Lightbulb?
4) Turd
6) wfm(ouse)
7) Num Lock Key
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