Inflation is different "things" to different people, see for a good explainer Lyn Alden [1]. Inflation used to be defined as an increase in the money supply: t

Inflation is different "things" to different people, see for a good explainer Lyn Alden [1]. Inflation used to be defined as an increase in the money supply: this can be easily explained when you realize that for the longest time in human history, "making money" had a real cost [2]. After all, the material that a coin was made of was gold, silver or copper (for small amounts), that first had to be mined. If there had been no recent wars and therefor the supply of slaves was low, then new coinage was hard to make because labor for the mines was hard to come by. Food prices would rise in times of drought, but would come back down afterwards [3]. So for a very long time, prices were more-or-less constant [4]. The 'simple' solution to go back to a "pre-inflation" world is to take the privilege of money-making out of the hands of governments [5] and leave it up to a natural restricted good that is in high demand and (constant) low supply, like, gold. There is, of course, no direct way today to do this, but as of now, nobody is stopping you from buying hard assets like gold or bitcoin, and using them to pay with. [1] https://www.lynalden.com/inflation/ https://www.lynalden.com/inflation/ [2] https://www.britishmuseum.org/explore/themes/money/the_origins_of_coinage.aspx https://www.britishmuseum.org/explore/themes/money/the_origi... [3] This effect is gone in today's "inflation". [4] https://www.nber.org/system/files/chapters/c6739/c6739.pdf https://www.nber.org/system/files/chapters/c6739/c6739.pdf [5] https://mises.org/library/hayeks-plan-private-money https://mises.org/library/hayeks-plan-private-money