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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The speech he gave this morning during the Senate Foreign Relations Committee was… wow. I’m curious what the rest of the Senators said. I don’t agree with him on many things, but his speech was refreshing. YouTube has the video:
(via this site)
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