> Consumer Price Level measures might be useful for other things, but not at input for your central banking function. It's not about being useful, but about th

> Consumer Price Level measures might be useful for other things, but not at input for your central banking function. It's not about being useful, but about the fact that the mob is growing more unhappy every day because their buying power is dwindling, which in turns makes elected politicians quake in their boots. And as much as everyone would like to claim or even in some case believe that central banks are independent entities, this is a complete pipe dream, they are - at the very least - subject to influence peddling like everyone else.