Left the Late Night Players show tonight and walked down into the subway to catch the 1 uptown to my apartment. But wait. Something’s wrong. The empty subway track has a big yellow box on it. Guys are staring out of the yellow box at me. I freeze. Something is awry. Four large men in black police-style jackets are standing by the fare collector’s box. “Let’s take a taxi?” “Sure, but I want to know what’s going on.” I approach the men and ask what’s happening. Nonchalantly, “just a routine collection. We’re picking up the money.” That’s right, Wesley Snipes and Woody Harrelson fans. I saw the money train.
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sujal
11/24/2008
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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