Hard to be optimistic at this point. The world systems part of my brain shows a picture of capital flight that’s going to move the core away from the U.S. The question now becomes where will it go, and how do we remain as the core or at least as a close to it as possible… Not saying this is going to happen soon, but the movement is there. Many say the impact of the U.S. dollar no longer being the reserve currency for the world has more impact than people realize.
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sujal
11/24/2008
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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