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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A perspective you don’t often hear, and it’s a telling one. How much do we actually know about how this plan is being implemented. What reporting do we see on this on the evening news and on CNN. Did you know about the badges? I didn’t. They do sound racist.
