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A comment on The Bit Short: Inside Crypto’s Doomsday Machine. Parent comment
Real estate bubble -> High deposits for house purchases -> High rents -> Effective inflation
Most governments don't include real estate (or even rent payments) in their inflation calculations to keep it artificially low.
Housing is > 40% of the US CPI:
https://www.bls.gov/cpi/tables/relative-importance/2019.pdf
Real estate bubble -> High deposits for house purchases -> High rents -> Effective inflation
Most governments don't include real estate (or even rent payments) in their inflation calculations to keep it artificially low.