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, for those of you following this weekend, you try to tell me this isn’t fate. This morning on TBS, I watched Mortal Kombat while getting dressed. God, what a horrible movie. Oh well. More news later.
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