> The original meaning of “inflation” was “an increase in currency supply”. Debasing the currency supply is why the dollar is worth less and everything costs mo

> The original meaning of “inflation” was “an increase in currency supply”. Debasing the currency supply is why the dollar is worth less and everything costs more. It is the result of deficit spending. Japan enters the chat Japan has been increasing the money supply for decades and yet the inflation rate has remained flat and gone negative more that once: * https://fred.stlouisfed.org/graph/?g=1680i https://fred.stlouisfed.org/graph/?g=1680i Further, you're talking like inflation is entirely bad. While inflation that is "too high" (for some value of "high") is not something most folks want (as was re-learned recently), what's the alternative? Negative inflation rates (deflation) is generally worse (as was learned during the Great Depression). And having zero inflation means having a perfect balance between the supply of money and the current demand needed to run the economy (which is impossible). Having a fix supply of money (like with the Gold Standard), or too little of it, prevents economic growth (as was also learned during the Great Depression): * https://delong.typepad.com/delong_long_form/2013/10/the-great-depression-from-the-perspective-of-today-and-today-from-the-perspective-of-the-great-depression.html https://delong.typepad.com/delong_long_form/2013/10/the-grea... So having the flexibility to grow and shrink the money supply is a Feature and not a Bug for modern economies.