sorry to interrupt
but when people talk about inflation
even in the bitcoin space
they mostly refer to increased prices
which is just a result
inflation for me (and the origin) is the expansion of money supply
no need for a basket
yeah didnt wanted to much interrupt
all the thought processes
happens when the base terms are not clearly defined
By presenting inflation using the CPI, you can fool people much more easily and make them believe that inflation is low. This can be done, for example, by selecting the products in the shopping basket or their weighting. This way, you can lie to people and say that "everything isn't that bad after all."
Happy sunday ☺️
I don't think they have to do that
prices should be dropping 5%
they print 7% more money every year
so CPI is 2%
