Sure, we could always make a different term for monetary inflation and avoid the ambiguity with the new definition but that doesn't fix the underlying point. M

Sure, we could always make a different term for monetary inflation and avoid the ambiguity with the new definition but that doesn't fix the underlying point. Monetary inflation is an important concept that is now almost entirely ignored. An increase in the cost of goods can be interesting, but its a second or third order effect of an extremely complicated system. Price changes are meaningless without context and extremely difficult to understand with context. Money debasement, or inflation, is easy to understand and is a primary input to the system rather than a downstream effect.