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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Bright guy, and he’s definitely right. Faced with privacy concerns from a reputable company like Google vs. trusting someone with the stability and security of your home computer, many people give up on the privacy rights. It’s a sensible choice.
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