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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Richard Cohen, columnist for the Washington Post, wrote a column that parroted the classic Barbie line, “Math is hard.” He then goes on to say that most people don’t need algebra. The nice folks at Pharyngula take some time to correct this silly column. Found via Atrios, who had some other thoughts.
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