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>there's absolutely no broad inflation If your measuring stick is fiat, then sure there isn't any inflation. However, you're using a measuring stick whose len
by ur-whale 6y ago
>there's absolutely no broad inflation
If your measuring stick is fiat, then sure there isn't any inflation.
However, you're using a measuring stick whose length isn't constant.
If you use Gold as your measuring stick, then things change.
If you user Bitcoin as your measuring stick, things change dramatically.
If you use real estate - can you still say there is no inflation ?
- H8crilA 6y agoYou confused the numerator with the denominator. To get inflation we put a basket of things in the numerator, and currency in the denominator, then compute annualized % change in the said number. Now if you swap (in the denominator) the USD for either gold or bitcoin you'll conclude we've been in a severe deflation in 2020. (I do not agree with the above, I am just fixing basic mistakes in your reasoning) If you would like your basket of things (the numerator) to consist solely of Bitcoin or gold then go ahead but you may as well put baseball collectible cards there, as it doesn't relate to people's consumption needs.