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 dedicated to the Maven 2/Spring/IntelliJ crew at ESPN.com. And, it’s a great talk anyway if you’re moderately interested in Source Control and development processes. It’s good fodder to think about how Open Source differs from internal projects. Could be a cool idea, though, for cross department collaboration (which is essentially open source, right).
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