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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Oh my. While I’ve been around folks that think Hello Kitty is cute, the guy she talks about does really sound like he’s in Hello Kitty Hell.
February 5th, 2008 at 10:25 pm
Thanks for link. I love Hello Kitty
but this is going to far and ruining the simple curtness of it for me.