Price Inflation and the Fractal Coastline Paradox
If you are interested in a further explanation of inflation, that adds to this, it may be found in the fractal; the geometry of chaos and the geometry of our time. I think the geometry of an economy is a fractal and 'inflation' is akin to the fractal coastline paradox.I can show the 'growth' and 'development' of the fractal directly corresponds to Marginal theory. The fractal demonstrates demand/utility curves and supply/ cost with equilibrium. A market, I think, is a fractal; a complex system built on simple rules that repeat at all scales. I have found that the fractal's growth over time is exponential and can produce a perfect Lorenz curve from the uneven distribution of its parts. The fractals Gini increases with its growth, inextricably - just like the real economy.
On inflation, if an economy is assumed a fractal 'Inflation' may be akin to the coastline paradox of fractal mathematics. The length of the coastline is fractal and is determined by the length of the measuring stick. For an economy, the measuring stick is the currency value. As we decrease the stick size ( devalue the currency) and coastline grows exponentially and is potentially infinite. Watch this on the coastline paradox