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Replying to Avatar Melina 🍓

The dark truth about Inflation and Consumer Price Index (CPI)—

"When it comes to price inflation, we are told to look to the Consumer Price Index (CPI) for an accurate measure of how much inflation is impacting consumer goods.

However, like most government-approved metrics, the CPI is tremendously flawed. The CPI takes a basket of consumer goods and measures how much they increase in price over a given time period, typically monthly. The only problem with this is the CPI can be manipulated by simply changing the basket of goods.

If the basket of goods is filled with potato chips, candy, processed meats, and bread, inflation might be close to 0. However, if you filled it with stuff people actually want, like grass-fed beef, real estate, fuel, and energy, inflation goes to the moon."

— Excerpt from book "The Bible and Bitcoin: A Theological Exploration of Human Time Energy and Bitcoin" by Alin Armstrong nostr:npub177pm5wcjhy0rwk46vk2qzkushk2l0cfjkq7v33x99ns20sm24dfqfdj2tk

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Melina 🍓 0mo ago

The CPI acronym revised 🤓💯 by nostr:npub1hkprtpymah577g9vxcn6nyuj9jfckh3v3kmgvdaff5sesl0ase2sqn6jqu (Podcast Ep.7):

Cherry Picked Index ✅

Consumer Price Index ❌

https://fountain.fm/episode/odreqhCActmuA8h6blkY

nostr:nevent1qqszdjrf7atma6d4s9d3zast4xuxs7fkq6uazs0d3ee2r0u3zcz2zgcpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgydsqrs

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