He was being supportive of your pov and stating tail emissions are inflation.
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Okay but also saying that inflation is not rising prices with is not true.
What he said, which happens to be the austrian economics view, is that rising prices are the effect of inflation, which happens when the government debases the currency.
If inflation is rising prices, merchants are to blame.
If inflation is currency debasement, the goverment is to blame.
I'm literally quoting Friedman.