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 the reason I buy Macs over PCs. OS X too, but it’s about having hardware that generally just works, that offers a good screen and good features for usability. And for pragmatically designed hardware.
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