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 can you beat this:
If it smells like Funk it must be us
Cause nobody’s Funky as us, Cause we keep it Stinky (Stinky)
We keep it Stinky, (Stinky)
We keep it Stinky, (Stinky)
We keep it Stinky, (Stinky)
Stinky, Stinky, Stinky,– Smells Like Funk - Black Eyed Peas
Brilliant. 
August 20th, 2004 at 3:05 pm
Do you like it because you know you are smelly?