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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Heidi and I are starting to get excited… this is a better pic of the house:
just have to find a mortgage, do the inspections, and then it’s ours officially! Then, I can start responding to all that “homeowner” spam…
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