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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Jeff tried to sell his friend’s Powerbook on eBay. Someone in the UK offered to buy it and suggested using an escrow service. Being wise to escrow scams, Jeff realized what was going on immeadiately. Instead of ignoring it, Jeff played along.
It is worth it just to see the “P-P-P-Powerbook” that Jeff shipped.
May 20th, 2004 at 12:32 pm
This site made my day, this is too funny. I love the “powerbook”.