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.
|
Blogroll
Friends
CT Politics Politics
Technology
West Hartford Blogs Hartford Blogs |
Active Posts
|
|
Track & Validate
|
Man, I used to remember making fun of the Lira back in the day. (yes, that’s what International Studies majors do, at least the geeky ones) This takes the cake though. I’ve never seen so many zeros amount to so little.
Hilzoy at Obsidian Wings highlights an ongoing story in Zimbabwe where the government has been seizing consignments of tampons and sanitary napkins intended for impoverished women. This is leading to a whole host of complications (domestic violence, lost wages, basic health issues) because the government is stupid. Read the whole story, it’s hard to believe.
Update: Payal provides a site with action items and ways you can help:
