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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Interesting… I hope that these specs are right.
April 27th, 2008 at 6:01 pm
I’ve been promised one of these for my birthday in mid-July. I hope it really does come out by then!