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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Someone holding just a bit too much marijuana goes to jail for 20 years or more. Someone destroys evidence in violation of the law and convention and, well, nothing will happen to them because he was protecting the President’s butt. Nice.
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