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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You may have heard about this prank, but I just found out today that I know the guy behind it. He’s a good guy, and his appearance on the 11PM news shows he meant to make a joke, not a political statement. Nice Job, Mike.
March 29th, 2007 at 12:10 pm
Ha, ha, ha… that’s very funny