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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I’m finally watching the Fast and the Furious… It starts off with a really stupid public service announcement that viewers should know that the racing was all done by professionals. Useful, I’m sure…
Oh yeah, and this movie really sucks so far…
