All inflation is strictly a result of “over-printing” of FIAT money and thats a fact. Before FIAT money any production of MORE of what money was, more gold, more “chits” whatever, means you need more of it to buy something. This is why anytime more money is made available the price of land goes up in proportion since you cannot make more land, its the one commidity that has “actual value”. If I have a piece of land its value is $100k, and then I get 100% inflation, or a doubling of inflation overnight, the land the very next day is worth $200k. Its not that the land is worth more, its the same piece of land, its that now that there is more of your money, double in fact, the money is now worth 1/2 of its original value. This is what we call inflation.
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All inflation is strictly a result of “over-printing” of FIAT money and thats a fact. Before FIAT money any production of MORE of what money was, more gold, more “chits” whatever, means you need more of it to buy something. This is why anytime more money is made available the price of land goes up in proportion since you cannot make more land, its the one commidity that has “actual value”. If I have a piece of land its value is $100k, and then I get 100% inflation, or a doubling of inflation overnight, the land the very next day is worth $200k. Its not that the land is worth more, its the same piece of land, its that now that there is more of your money, double in fact, the money is now worth 1/2 of its original value. This is what we call inflation.
Milton Friedman as usual explains it to the common man.https://www.youtube.com/watch?v=GJ4TTNeSUdQ