Re:Bitcoin is a disaster
by IfOnlyYouKnew on Thursday December 31, 2020 @06:48PM
(#25598709)
Inflation is a loss of value and it hasn't happened until it has happened, and when it happens, you notice very much instantly.
Re:Bitcoin is a disaster
by christophilus on Thursday December 31, 2020 @08:12PM
(#25599600)
Not really. It’s a matter of what you’re measuring. If you measure inflation by assessing the price of a Whopper, you won’t find much. If you measure inflation by measuring the cost of college tuition, you’ll find plenty. What’s meaningful varies dramatically from person to person. That’s why I think it’s almost pointless to talk about inflation as a single, measurable thing.
Re:Bitcoin is a disaster
by imtringued on Thursday December 31, 2020 @08:22PM
(#25599694)
Consumer inflation is well defined and a policy goal so it does make sense. The problem is that you have to clarify which goods are inflating, otherwise you run into misunderstandings.
What's being asked is, "is what we're seeing a warning sign of inflation-yet-to-come?" Rephrased, "are people bullish on technology stocks and Bitcoin because they're speculating that there's major fiat inflationary risk and these asset classes are most likely to hold value?"