Makes sense. 
It seems to get dicey when trying to treat "shelter" in CPI, since real estate is the ultimate shitcoin scam 😄

Fiatrevelation

yeah, I've long wanted to do a deep dive into all of these.

My short, intuitive answer is that monetary inflation 

 show up in price inflation. That is, aggregate prices (

) don't increase unless there's money expansion involved.

(The reverse isn't always the case: money can expand without prices doing anything, either because 1. they show up in assets and/or go overseas, or 2. they stay fixed in the banking system and thus never hit the real economy where they could bid up prices/wages)

econ

MONEY CLASS OF THE DAY: Argentina (Financial Times, Ciara Nugent)

denlillaapan

yeah, I've long wanted to do a deep dive into all of these. 

My short, intuitive answer is that monetary inflation _does_ show up in price inflation. That is, aggregate prices (https://stacker.news/items/820834/r/denlillaapan) don't increase unless there's money expansion involved. 
(The reverse isn't always the case: money can expand without prices doing anything, either because 1. they show up in assets and/or go overseas, or 2. they stay fixed in the banking system and thus never hit the real economy where they could bid up prices/wages)