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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The funny thing is that they used a bunch of lines straight from Palin’s Couric interview.
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October 1st, 2008 at 2:30 am
it’s only funny in an ‘Oh no, this is so bad, it’s good and now I want to cry’ kind of way, Suj.