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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For the first time since 1978, University of Florida, Florida State University and the University of Miami lost their respective football games on the same day. And Miami gave up over 500 yards in their game!
Insanity…
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