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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Friend just said this joke to me:
“I heard the Fins couldn’t get into their locker room last week.”
“Why, what happened?”
“Someone painted a goal line in front of the door.”
I feel bad for the Miami Dolphins, but they are really bad…
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