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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Just wanted to pass on that Heidi has exposed me to some really cool punk/hardcore covers of 80s/90s pop music. The current favorite in the CD changer and iPod is 7 Seconds’ cover of 99 Red Balloons (iTunes Link). 500 Miles by Down By Law is pretty good. Turning Japanese by Studio 99. I’ll update this later with more, but those are pretty good.
