[alpacca-farm]

This is an interesting point. I wonder if a source of inflation you are not taking into account is population growth. If inflation happens when you have the same money chasing fewer goods, it stands to me that given the same money, and the same amount of goods, but more people chasing those limited goods, that you'd have an inflationary effect.

That being said, the person should also be generating more goods if they are a productive member of society which should cancel out their new demand on the base of goods.

This makes me wonder, are we adding many more people who are not making as much stuff as they are consuming? Or potentially is the huge increase in size of organizations causing each individual to be much less productive? I've never heard anyone discuss this side of the equation.