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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First major celeb sighting of my life, I think… just saw Penelope Cruz hanging out with what looked like friends at the Napa Rose restaurant at the Grand Californian. She is TINY… super short and skinny. Way shorter than I expected…
