My second point is in fact very sensical. Many Bitcoiners claim that with a Bitcoin standard there wonโt be inflation. That is the non-sensical claim. Prices can still go up on a Bitcoin standard because of supply-demand imbalances. Look at what the avian flu outbreak is doing to the price of eggs now. Thatโs not a result of one egg producer being greedy. Itโs the result of not enough eggs for all the people who want eggs at any given moment.
Discussion
Of course price increases and decreases can happen due to events like these. Bitcoiners have a problem with money printing. Not with temporary supply-demand imbalances.
Not my convo but there are several types of inflation. Your egg example is price inflation which has nothing to do with monetary inflation, ie. money printing.
Yes, exactly. Many Bitcoiners erroneously blame price inflation on an increase in the money supply.
An increase in the money supply can cause price inflation, however your example was the price of eggs do to supply disruption which is different.
The more money printed, the more it will cost generally for everything and the harder you will have to work to get products.
The difference between endless fiat money printing and the bitcoin standard is the fixed supply. The price of eggs can go up or down based on their supply but not up or down based on bitcoins supply which is fixed.
I don't know your level of understanding so I explained it like I would to a 5th grader. No offense.
I run a full node and majored in Econ. But thanks anyway. My point is many Bitcoiners erroneously think price increases wonโt happen on a Bitcoin standard precisely because they think that an increase in the money supply causes all price increases. Thatโs what I was originally objecting to in the initial post as the first flawed assumption
Increasing Money supply is the reason why everything gets expensive over time.