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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I was just thinking, this’ll be a movie plot soon. Then I remembered it already was, in Tomorrow Never Dies, though in that movie, the bad guys stole military equipment to override the satellites. This guy used a laptop and a $1K rental to run his attack.
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