Dude, really?
Come on now....
"Inflation presupposes the establishment of money, which arose as an unanticipated social construct over a period of perhaps 2500 years as a result of a variety of innovations and advancements. It reached its peak with the advent of coinage in Lydia and Ionia around 630 BC, as well as in China around the same time. This indicates that inflation can't be older than money.
[21]
Historically, when
commodity money was used, periods of inflation and deflation would alternate depending on the condition of the economy. However, when large prolonged infusions of gold or silver into an economy occurred, this could lead to long periods of inflation.
The adoption of
fiat currency by many countries, from the 18th century onwards, made much larger variations in the supply of money possible. Rapid increases in the
money supply have taken place a number of times in countries experiencing political crises, producing
hyperinflations—episodes of extreme inflation rates much higher than those observed in earlier periods of
commodity money. The
hyperinflation in the Weimar Republic of Germany is a notable example."
For USofA...
View attachment 131531
Yes, this crazy "new" phenomenon of raising prices continuously is here to stay.... Otay!
Almost as old as dirt. Of course it's here to stay.