[panarky]

Inflation is only "controlled" for some baskets of goods.

If your basket of goods consists of salty snacks and consumer electronics, then yes, inflation is controlled.

But if your basket of goods consists of Hamptons real estate and fine art, then your inflation rate feels a lot steeper.

Investors are finding it very difficult to discover investments that don't depreciate with respect to that second basket of goods.

That's why institutions, family offices and high net worth individuals are shifting single-digit percentage allocations into Bitcoin.

[IgorPartola]

Where have you seen real estate get cheaper over time? NYC? SF? Somewhere else?

Also when it comes to setting up an economic system, high net worth individuals are the last people we should be worrying about, not the first.

[edgyquant]

I’m talking about currency not appreciating commodities, assets or investment. The US dollar, and the currencies of most western nations, is/are in fact controlled and inflate at a targeted rate.

[panarky]

When I think about inflation, I think about the purchasing power of money for the basket of goods I'm likely to purchase. I'm less interested in theoretical or academic concepts like the rate of growth of M2 or the velocity of money. Preserving purchasing power over time is my priority.

[MrMan]

But the people who run the euro zone and the dollar zone have it setup for (they hope) constant mild inflation. This incentivizes a search for productive investments like ycombinator instead of hoarding treasure, which is not a productive investment