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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Happy New Year to everyone out there today. I hope the new year brings you happiness, luck, and success in all your endeavors. Our personal resolutions all center around our upcoming wedding and keeping our sanity during all that planning. We also wouldn’t mind it if our government regained some sanity in November, too. 
Share your resolutions in the comments below.
Be safe everyone.
