If you have tail emissions then inflation is never at 0%. There's always a guarantee of the supply always increasing.

Also there's a difference between being liquid and illiquid. You can have a asset with such little supply and two people holding it and one of them owning 90% of the assets bumping the price to sell it so high. But you won't be able to sell it for that high price because there isn't people to sell it to. So you'd have to sell it for way lower to the one person there is to sell it to.