inflation is a misnomer for devaluation of a paper fiat dollar by dilution.
Each dollar has less purchasing power. Just because it takes more dollars to trade for something doesn't make that "something" more valuable ---- you still get the same number of sandwiches.
Let's say you measure a "foot-long" loaf of XRP bread with a ruler.
Next year the foot is divided into 23 "inches" instead of 12.
Your loaf of bread still makes the same number of sandwiches --- even though you can now brag that it's 23 "inches" long now.
Your hunger level is still the same --- no extra bread was created.
The dollar is a shrinking ruler of measure.
inflation is a misnomer for devaluation of a paper fiat dollar by dilution.
Each dollar has less purchasing power. Just because it takes more dollars to trade for something doesn't make that "something" more valuable ---- you still get the same number of sandwiches.