“ One of the most important ways in which the measurement of the CPI has been manipulated is through the removal of house prices from the basket of market goods, under the pretense that a house is in an investment good, an absurd redefinition. Investments produce cash flows, but a person’s own home cannot produce an income. On the contrary, it is consumed and it depreciates and requires continuous expenditure to maintain it. The fiat standard first destroyed the ability of individuals to save, then forced them to treat their home as their savings account. With low salability and divisibility, houses constitute terrible savings vehicles, but by excluding it from CPI, and teaching people to treat it as a savings account, inflation magically appears beneficial.”

- The Fiat Standard

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