Don't confuse money supply growth and inflation. (Unless you're a monetarist, of course, but their doctrine has been quite convincingly refuted over the last de

Don't confuse money supply growth and inflation. (Unless you're a monetarist, of course, but their doctrine has been quite convincingly refuted over the last decade and a half.) Inflation is change in the price of real goods. BTC experiences 1.7% money supply growth p.a. until the next halving, and it had deflation on the way up to $60k. BTC had 100% inflation since then, obviously, way worse than fiat. Fiat had massive money supply growth since the GFC, but virtually no inflation until now (which can be explained by supply chain problems due to COVID, war, and too loose fiscal policy (Biden's stimulus arguably too large, after Obama's was too small)).