Quote from: pitham1 on November 15, 2017, 06:10:09 AM

Inflation is not what a government indicator says. Inflation is what the man on the street experiences, when he takes his dollar to a store. The government cannot hide inflation for too long.
These kind of monetary policies will provide a boost to Bitcoin, once people realize it.

Well in that case, 6-8% is complete bullshit. Gas is very cheap compared to the last decade, groceries aside from beef show very little price change, things like car parts, clothes, utility bills, home improvement supplies, tools, etc etc etc do not show any significant inflation. What has gone through the roof is real estate in many parts of the US, and of course stocks are way up.
I see no signs of the kind of inflation in everyday purchaes that people are talking about in this thread. It may happen, but it's not happening as far as I can tell.Most likely it is just hype to get the btc price to keep rising, but it has no basis in fact.

chesthing

Posts

Merits