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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I’ve installed the WP-Cache plugin after looking into it some more to help keep the blog zippier for our users. I’m a little worried about things being sticky when comments are posted, so if you have trouble posting a comment, please get in touch with me. I’ll back the changes out if there are problems.
Thanks.
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