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 can get your own Hello Kitty Crock Pot! Its okay, you can just tell me where you want it shipped. 
April 11th, 2007 at 5:40 pm
OMG! How cute is that? Perhaps if Heidi and I were to acquire a second home, we’d have to decorate it with Hello Kitty decor.
April 11th, 2007 at 7:08 pm
And because that wasn’t enough, here’s a Hello Kitty iPod charger. Hello Kitty fans unite!
April 11th, 2007 at 7:14 pm
OK, who put the comment up as me? That’s not funny…
April 11th, 2007 at 7:33 pm
Come on now, Sujal. We know you use the word “Cute” all the time here.
April 15th, 2007 at 5:10 pm
Oh the hello kitty ipod charger! I acutally am in love with the hello kitty speakers.
April 15th, 2007 at 5:12 pm
Ok I am back. I have pondered this hello kitty decor and I think that it truely is what i desire. In fact, i just purchased some helly kitty boxers to kick start this idea.