Comment by tonymet

Pick whatever word you like if "inflation" is reserved for economists because regular people are "just too dumb to understand".

We need a concept for debasement / hidden tax that allows people to hold their policymakers accountable.

My point is that CPI isn't it, it underestimates true inflation by 3-5x or more , and it interferes with good governance.

If the govt wants money from the people, they need to tax them and be held accountable for the policy