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Inflation is intended to measure middle class distress. If gas/food/rent goes up people making under 50k can fall into poverty and bankruptcy. If GME goes up to
by bob33212 6y ago
Inflation is intended to measure middle class distress. If gas/food/rent goes up people making under 50k can fall into poverty and bankruptcy. If GME goes up to $2000 the middle class isn't hurt much at all. Just a few hundred or few thousand people get rich.
- mr_toad 6y agoInflation has many measures. Household inflation is one of them, but there are many others, and using one measure (e.g. CPI) for measuring all inflation is problematic.