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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Interesting article. I wrestle with using my real name or an alias quite often, but ultimately end up being consistent on a per-blog basis. Local blogs are a particularly vexing issue… I want to use my real name because I care about the community, but then I get worried when I hear about crazy locals who can’t leave policy disagreements at the town hall door…
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