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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How do they expect little kids to understand the news that Barbie and Ken have broken up?!? Is nothing sacred?
February 13th, 2004 at 11:47 am
After 43 years, no less. And news report say she’s sporting a new tan!