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#276 – Michael Saylor: Bitcoin, Inflation, and the Future of Money
Lex Fridman Podcast
Understanding the Flaw in Government-Issued Inflation Measures
Inflation is not solely determined by government-issued measures like CPI, PCE, or PPI./nThe government has the power to change the market basket used to calculate inflation over time./nChanging the basket can lead to a distortion of inflation rates./nThe example of concert tickets demonstrates how the definition of entertainment can be altered to affect inflation calculations.
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