. Money that’s rapidly changing hands is logically trusted, non-inflationary money precisely because producers will take it in exchange for market goods. They wouldn’t do so if its value were in decline. Few work to give others more in return for less.

Ahem, the Argentine peso moves around a lot. Where I live merchants accept it almost exclusively. It normally loses value quickly (against the US dollar). People are forced to accept it probably for legal tender laws like there is in the U.S. but it is also familiar them to use pesos.

Since money is a consequence of production, planning its supply is as impossible as is the planning of production. Translated, it can’t be done.

Money can be produced without production. Spend a little time listening to the Bad Crypto Podcast and you'll find out.

Economists: Redefining Inflation

@maneco64 did a fascinating story about how the dictionary words "inflation" have changed shortly after Nixxon went off the Gold standard. The dictionaries would have what is today called the "Austrian economics" definition of "inflation." Now there is a consumer price index which is super complicated and is regularly changed.

World governments ending monetary inflation would crash the Bitcoin price.