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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Suzy Kolber just had an end-of-half sideline interview with Dave Wannstedt. She said something like, “You said this week that the play of A.J. Feeley would make us say ‘Wow!’. What do you think so far?” Wannstedt’s response?
“Well, we have a second half.”
A stunning endorsement of A.J. Feeley. 
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