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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I guess that should be morale, but I won’t correct his headline. Glad to see I’ve been keeping up team morale all this time. Goddamn piece of code. 
(via Joe’s Twitter feed)
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