I don't follow your logic at all. Prices are determined by supply and demand and have nothing to do with inflation or deflation. Without central bank control, t

I don't follow your logic at all. Prices are determined by supply and demand and have nothing to do with inflation or deflation. Without central bank control, there would be a natural balance of inflation / deflation. People would spend more when prices are low, which would cause prices to rise. People would save when prices are high, which would cause prices to decrease. This is a naturally self-correcting mechanism. Central bank induced inflation is caused by creating more money, and giving the money to those who spend it. It moves wealth away from those who are efficient, and giving it to those who are inefficient. This causes wasteful spending and misallocation of capital, and is harmful to economy and environment.