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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Open letter to the Bush campaign from a number of business school profs. They address the “it’s Clinton’s fault” and the “it’s 9/11’s fault” explanations for job losses and economic performance under Bush.
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