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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This was a bizarre race and even though it was happening just over the line in Hartford, I didn’t really know much about the dynamics. I’m still amazed that Perez wasn’t trounced, but then the polls didn’t show his corruption issues sticking…
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