Look, the thing is that if you massively increased the money supply as a percentage of the overall money in circulation, without any corresponding rise in produ

Look, the thing is that if you massively increased the money supply as a percentage of the overall money in circulation, without any corresponding rise in productivity and population, then sure, you are going to have a bad day. However, this does not mean that any increase in the money supply will have negative consequences. For instance, if you do not increase the money supply at all and the output and population increase, then you have major problems as well. In this case we are talking about levels that are easily absorbed by the economy, which is not equivalent to an economy that uses silver for coinage finding more silver than they have in circulation.