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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Henrico county had a crazy mob scene when the local school district sold off old iBooks. Can’t believe that people would get that violent over really old laptops… Is it really worth hitting people to get a laptop for $50?
August 17th, 2005 at 11:53 am
Yep, that’s where I grew up. What I don’t get, is how stupid can they be? All you need to do is give everyone in line a number, and allow them to purchase in the order in which they arrived. Voila! No mob scene.