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The Problems with Price Inflation | The Twilight of Gold Series | Episode 11 (WiM182)
The "What is Money?" Show
The Price System Is Changing, and It's Not Changing.
Inflation is not simply a function of money gets printed and printed until people don't value the money. It's a function of printing money causes real economic activity to be impaired, because relative price signals all start to fluctuate. Businesses make decisions based on those changes in prices cause their underlying businesses to be impaired,. And that's when we see hyper inflationary events. So it's the impairment and fail to failure to deliver real goods and services that ultimately creates a run on real goods and Services at the same time that moneyis being printed.
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