I don't think that stuff is very satisfying as an explanation, even though it sounds like the standard "common sense" explanation. Why is inflation supposed to

I don't think that stuff is very satisfying as an explanation, even though it sounds like the standard "common sense" explanation. Why is inflation supposed to be such a problem, if stock splits aren't? Cutting a pizza into more slices doesn't make it bigger, but doesn't make it noticeably smaller either. Changing prices isn't that hard now we have computers, and most people don't keep their savings in cash, either electronic or paper. I'm not saying inflation is not a problem, but I think the standard explanation has a lot of holes. One has to come up with a more subtle analysis. And also, how come you quote Friedman as saying that money supply growth causes inflation and then you say no it doesn't, although it's correlated? Do you think that inflation causes the money supply to grow? Or is it a third "X factor"?