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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Coburn was the doctor who said the following fun gem:
“I favor the death penalty,” Coburn told the AP last week, “for abortionists and other people who take life.”
Wonder when that bill will be proposed.
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