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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WATCH THIS! It’s an interesting idea, and I’m curious to see where it goes. I hope these people that participate, though, don’t get in trouble for taping their end of the phone call. Remember to ask for permission, folks! This is a neat way of leveraging YouTube for a campaign.
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