Who cares if it's paper money or not? The effect is the same. More money in the system equates to that money being worth less and inflation. Is a loaf of bread intrinsically worth more today than it was 50 years ago?
The average price of a loaf of bread in 1990 was 70 cents. Today it's about triple that. Is a loaf of bread today 3 times as valuable as it was in 1990 or is the money we are trading for the bread only worth a third.
United States - Currency in Circulation was 2399.53800 Bil. of $ in July of 2025, according to the United States Federal Reserve. Historically, United States - Currency in Circulation reached a record high of 2399.53800 in July of 2025 and a record low of 3.71400 in August of 1917. Trading...
tradingeconomics.com
Cant imagine where all this inflation comes from....