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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If you haven’t seen this video, watch it. A high res version is at Dipdive.com. I haven’t seen a politician evoke this level of enthusiasm in my lifetime.
February 3rd, 2008 at 4:25 pm
will.i.am describes why he recorded the song:
http://www.huffingtonpost.com/william/why-i-recorded-yes-w_b_84655.html