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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OK, if they just had a Phillies or Eagles one, I’d be right there. The Red Sox case is tempting, though…
Update: A good list of iPod Nano cases is here. My favorite so far is the iGuy.
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