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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So it turns out the flic An American Tail was right all along, according to this CNN report.
Somewhere out there beneath the pale moonlight, someone’s thinking of me, somewhere out there out where dreams come true.
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