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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Hrm. This health care plan that the state has set up doesn’t seem to be all that it’s cracked up to be. I’ve seen similar stories about the Charter Oak plan… I’ll try to look into this more. Anyone know more that would like to chime in? Shoot me a note, or hit the comments below.
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