Sure, that's an usual explanation. Quantity Theory of Money, which goes back to Copernicus. One could point out to different ones as well, such as Nitzan and B

Sure, that's an usual explanation. Quantity Theory of Money, which goes back to Copernicus. One could point out to different ones as well, such as Nitzan and Bichler's "differential accumulation", in which, having technological/growth difficulties, the ones who benefit most from stagnation are the ones who can jack up prices the most (entities who control most of the supply, with most mark-up power). Read: inflation. There are many other views as well, I just pointed out one which I like.