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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It seems that Michigan isn’t the most overrated team in the NCAA. With their defeat of Notre Dame, Michigan has proven they are only the second most overrated team in college football. I guess our friends in South Bend have finally proven they are number 1 in something.
