Oops, replied in the wrong spot the first time, here we go again 😅 Good catch, that's the more precise mechanism, but that's exactly the sleight of hand, it forces everything else in the basket higher just to hit the number, while the real overflow ends up in assets that aren't even in the basket to begin with

It’s actually the other items in the CPI basket that mechanically must have accelerated price increases, if there’s a component with rapidly falling prices.

Undisciplined

This is the part people miss, if the fed's chasing a fixed inflation target, any deflation from tech gains just gets papered over with more money printing elsewhere to hit the number, so the "stable prices" story hides where the real inflation ends up: stocks, real estate, whatever's not in the CPI basket. Bitcoin's the one asset that can't get quietly inflated to make the math work