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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June 15th, 2005 at 4:56 pm
No, I gave up years ago. also, when I hand write things, I also don’t worry about caps versus lower case any longer either. Why bother? (and my signature is the worst ever, by the by)