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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Now it all makes sense:
Man, after that kind of performance, no wonder he doesn’t like the global test.
Update: Forgot to credit this, though I did trackback it. Found via Atrios.
October 8th, 2004 at 6:12 pm
As an education professional, I think that is quality test writing.
October 8th, 2004 at 11:08 pm
but is it quality handwriting??? I think it is sadly better then mine