Economics 101: Consumer Price Index

11/24/08: A two-minute crash course on the consumer price index with NEWSWEEK’s Daniel Gross (Video: Lee Wang, Sarah Frank).

Duration : 0:2:20


[youtube Si37yjZM-SA]

3 Responses to “Economics 101: Consumer Price Index”

  1. timetraveler3797 on September 10th, 2009 at 5:14 am

    I would call this …
    I would call this recent period similar to what the 70’s economy was called “stagflation”

  2. Textbook definition …
    Textbook definition: “how the price of goods and services change over time”. And our government re-defined the meaning of “goods and services”. They figure the cost of housing according to what you would supposedly charge if you rented your house back to yourself (mind game). The problem with that is they forget landlords must make money from their property and would charge you more than what their costs are. They take us for fools.

  3. Except they are not …
    Except they are not measuring the price of the same item any more. They use “hedonic” measurements. It’s dishonest.

Leave a Reply