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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I hope you’re having a safe and happy Thanksgiving. Be sure to stop by Heidi’s blog to see the new look for her blog.
November 24th, 2005 at 11:18 pm
Thanks, Sujal. I did have a lovely Thanksgiving. I had dinner with my gentleman friend, and then we saw a very romantic movie: Harry Potter and the Chalice of Fire. I hope you all had a great T-day, too.
November 25th, 2005 at 8:37 pm
Love the new look.
November 26th, 2005 at 12:05 am
Thanks!