
Michael Ashton
EconomistModern
Michael Ashton has worked in inflation markets since the early 2000s. He traded the first interbank US CPI swaps in 2003 and led the development of the CME's CPI futures contract. He writes the Inflation Guy blog and runs Enduring Investments, which manages an inflation-tracking fund. He co-founded USDi, a stablecoin whose value follows the consumer price index instead of the nominal dollar, so one unit keeps buying the same basket as prices rise.
| Key Ideas | CPI swapsinflation-linked instrumentspurchasing power as unit of accountCPI-pegged stablecoinreal versus nominal money |
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