Re:Tether Critical Announcement
by standupstandup on Tuesday November 21, 2017 @04:59AM
(#15746877)
CPI is fairly useless anyway. It ignores where the huge money displacements are actually going: hint, not bread and circuses. The money the ECB is displacing is institutional investors money and causes inflation in things like housing, stock markets, VC funds, and yeah, probably cryptocurrency.
[ Parent
| on HN ]
Rent is included in the CPI, and it usually co-moves with housing prices .. and yet .. it means no difference: https://www.ecb.europa.eu/pub/pdf/other/mb201008_focus06.en.... (it's much more drastic in the US CPI - probably because more people own their homes in the EU and gentrification and other effects are a lot slower too? who knows..)