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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That’s a pretty cool setup for the local political blog. Great idea, guys. (wow, and read into the comments… Joe Visconti still is a jack***. If the guy actually had any ideas, he might be entertaining, but as it is, he’s just a jerk with an attitude problem.
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