jamw on Nostr: I was doing some deep reading about this today. Forget money printing etc for one ...
I was doing some deep
reading about this today. Forget money printing etc for one moment and my conclusion is that inflation in its most basic form is a result of human behaviour and basic supply and demand. It exists within simple trade, be-it two sheep for your donkey etc. If humans demand more donkeys or more sheep then inflation happens. However, it gets far more intricate when fiat money supply is involved.
reading about this today. Forget money printing etc for one moment and my conclusion is that inflation in its most basic form is a result of human behaviour and basic supply and demand. It exists within simple trade, be-it two sheep for your donkey etc. If humans demand more donkeys or more sheep then inflation happens. However, it gets far more intricate when fiat money supply is involved.