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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Or as has been said in the past, “Welcome to the OC, b##$h!” I have to say, I like athe angsty, brooding Ryan Atwood much more than the “happy go lucky” ryan Atwood.
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