>The most used measuring stick is the CPI, which (1) does not include e.g. assets
Why does this matter? If your cost of living stays the same but TSLA/BTC jump up 10x why should that count as inflation?
Why does this matter? If your cost of living stays the same but TSLA/BTC jump up 10x why should that count as inflation?
When scarcity comes into play, well, then it does not matter whether the dollars you are competing with come from the "real economy" or bitcoin. Prices will shoot up.