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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This is an impressive idea in it’s simple originality. I love the headlights. More at Autoblog and Mahalo. Would you be comfortable with the safety characteristics of a car made out of these materials?
Found via Jason Calacanis’s blog.
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