"Fiat money enthusiasts maintain a strange obsession with a metric produced by national governments named the Consumer Price Index (CPI). Government-employed statisticians construct a representative basket of goods and measure the change in the prices of these goods every year as a measure of price increases. There are countless problems with the criteria for inclusion in the basket, for the way that the prices are adjusted to account for technological improvements, and with the entire concept of a representative basket of goods."

"Like many metrics used in the pseudoscience that is macroeconomics, the CPI has no definable unit with which it can be measured. This makes measuring it a matter of subjective judgment, not numerical precision. Only by reference to a constant unit whose definition and magnitude are precisely known and independently verified can anything be measured. Without defining a unit, there is no basis for expressing a quantity numerically, or comparing its magnitude to others. Imagine trying to measure anything without a unit. How would you compare the size of two houses if you could not have a constant frame of reference to measure them against? Time has seconds, weight has grams and pounds, and length has meters and inches, all very precisely and uncontroversially defined." From the "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak