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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This is probably the most disappointing thing about the iPhone. Why pack all that muscle into the phone then close it to the rest of us. By far, the coolest thing about the Mac is the small companies that make really cool stuff for the Mac.
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