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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May 30th, 2008 at 6:18 pm
If you’re interested in the issue of Obama, Islam and whether he might be a Muslim apostate, you might want to check out “Muslim scholar responds to ‘Sharia smear’ against Obama” — http://blogs.reuters.com/faithworld/2008/05/30/muslim-scholar-responds-to-sharia-smear-against-obama/ — on the Reuters FaithWorld blog.