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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March 2nd, 2007 at 9:40 am
$90,000 for a car that doesn’t have the words Porsche or Ferrari on it…. not going to happen!
But I like the concept.