Similarly, it can be reasoned from first principles that any other cause of a decreased demand for a currency leads to rising prices. I'm not disregarding one e

Similarly, it can be reasoned from first principles that any other cause of a decreased demand for a currency leads to rising prices. I'm not disregarding one explanation in favour of others, I'm just saying that what I've seen in terms of evidence for the default explanation is far from conclusive as far as I can tell. More lending in response to inflation does sometimes lead to hyperinflation! That's how little Weimar and his printing press got into such a pickle. But in the presence of other corrective feedback loops, it doesn't have to.