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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Another great MythBusters episode. Could a neglected hot water heater turn explode like a rocket and launch straight up through your roof? Watch and find out. Keep an eye out for the iPhone. 
November 8th, 2007 at 5:48 pm
Good Lord. My bedroom is over both my hot water heater and the boiler for the heating system. And my headboard is butted up against a radiator. I had better get my will in order…..