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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June 20th, 2008 at 8:04 am
It’s not really clear to me how you can make fun of a woman for playing bingo with a bunch of older people, while last weekend we watched a 2 hour movie directed by and featuring 12-year-olds…