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We do have moderate to low CPI inflation in western countries, but we also have high inequality and a young generation that doesn't have any assets. Now, if whe
by lifty 6y ago
We do have moderate to low CPI inflation in western countries, but we also have high inequality and a young generation that doesn't have any assets. Now, if whether you call that inflation or not, the reality of the matter is that the cheap money situation we are in has led to this situation where we have rampant speculation in stocks, real-estate, crypto assets and any other form of limited supply assets. So I think Bitcoin and the crypto asset class, is here to stay, offering its own unique set of advantages and disadvantages.
- gthaman 6y agoCPI is a cooked up government statistic, used in contracts and agreements (including social security) that unconditionally favors the governments position. For example it does not include energy or housing costs. They also add and remove items from the CPI index, to remove ones that inflate and add ones such as consumer electronics that deflate. Check out the chapwood index or a different unbiased inflation metric.