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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While Heidi is now cat blogging, at least she hasn’t gone as far as FeedDemon’s Nick Bradbury, who wrote this and (I presume?) this. While hilarious, you have to admit it’s a bit weird.
September 6th, 2007 at 6:34 am
I admit it