I never said there was anything "wrong" with your data. In fact I explained how your data show a reduction in inflation during the period of high STEEM and SBD price (by downward sloping of the supply curve over a period of several months, even if not immediately visible to the naked eye). Your data is fine, your conclusion of SBD conversions as a "source" of inflation is wrong because you ignore SBD printing as a reduction of inflation. In fact you repeat the exact same error in this last reply.

This isn't a question of whether I believe you or not, the mechanism just does not work the way you claim it does.

Finally, the printing cutoff and printing generally has virtually no effect on getting us out of the haircut, or on the debt ratio generally. That's how the numbers work: It takes almost a year to increase the debt ratio by 1% via 100% printing. Close to the 10% cutoff, this is close to the same effect on the debt ratio as a 10% change in the STEEM price, something which happens frequently within one day. Conclusion: Price changes are very nearly the only factor which affect the debt ratio over moderate time periods (days to months), not printing.

Finally, stopping printing SBD means more STEEM paid out as rewards, and likely more STEEM selling pressure as a result. That's possibly counterproductive, but unlikely to ever be any better than a wash in terms of the haircut or debt ratio.