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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God, not another round of “let me list all of my issues with An Inconvenient Truth (without talking to an actual climate scientist).” Of course, we’ll have to because Gore is in the news again.
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