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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I now be the “Dread Pirate Read”
I love things like this. “Like the famous Dread Pirate Roberts, you have a keen head for how to make a profit. Even through many pirates have a reputation for not being the brightest souls on earth, you defy the sterotypes. You’ve got taste and education. Arr!”
July 21st, 2005 at 9:53 am
Me pirate name:
“Dread Pirate Rackham”
Like the famous Dread Pirate Roberts, you have a keen head for how to make a profit. You have the good fortune of having a good name, since Rackham (pronounced RACKem, not rack-ham) is one of the coolest sounding surnames for a pirate. Arr!