100 sats \ 1 reply \ @tomlaies 16 Aug \ parent \ on: What's the most tragically fun way to measure "real" inflation? 😮💨 bitcoin
I know "doordashflation" as a buzzword for people missunderstanding what inflation is. Because Doordash was like Uber for years and years cross financed by VC to get customers hooked on it before making an actual working business out of it. Having a private taxi for a Burrito was never as cheap as it seemed because someone else payed for it.
Yeah good points. Using prices to measure inflation is a vague proxy - which was sort of my point. It's all a house-of-cards built on a facade of an illusion.
My real contention is when a business raises prices roughly in-line with inflation and then the un-informed public eats up the rhetoric the government/media propaganda machine feeds them, which is: cOrPoRaTe gReEd and gOuGiNg.
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