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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This is the best commercial I’ve seen in a long, long, long time. Nike has done a brilliant job, and it looks stunning in HD. This one actually got me to stop and stare at the TV, and I know at least one person who hit rewind on the Tivo to see it again. Get the Clio ready, this one ought to win something. The music is Promontory from the Last of the Mohicans. Great soundtrack for a sick commercial.
