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Jack Mallers
Tetragrammaton with Rick Rubin
Inflation follows currency expansion, not production growth.
When more currency is printed without a corresponding increase in the production of goods and services, the total value of the currency decreases. For example, if the total amount of currency doubles but the amount of goods remains the same, each unit of currency can now purchase less, effectively halving its value. This imbalance leads to inflation, as the prices of goods and services rise due to the increased currency supply, which debases the value of the currency itself.
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